Chipotle Mexican Grill Management

Management criteria checks 1/4

Chipotle Mexican Grill's CEO is Scott Boatwright, appointed in Aug 2024, has a tenure of less than a year. total yearly compensation is $6.35M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €5.31M. The average tenure of the management team and the board of directors is 1.3 years and 4.3 years respectively.

Key information

Scott Boatwright

Chief executive officer

US$6.3m

Total compensation

CEO salary percentage	9.6%
CEO tenure	less than a year
CEO ownership	0.007%
Management average tenure	1.3yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Boatwright's remuneration changed compared to Chipotle Mexican Grill's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$6m	US$608k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$5m	US$563k	US$899m
Sep 30 2022	n/a	n/a	US$809m
Jun 30 2022	n/a	n/a	US$756m
Mar 31 2022	n/a	n/a	US$684m
Dec 31 2021	US$5m	US$546k	US$653m
Sep 30 2021	n/a	n/a	US$710m
Jun 30 2021	n/a	n/a	US$586m
Mar 31 2021	n/a	n/a	US$406m
Dec 31 2020	US$12m	US$517k	US$356m
Sep 30 2020	n/a	n/a	US$237m
Jun 30 2020	n/a	n/a	US$256m
Mar 31 2020	n/a	n/a	US$338m
Dec 31 2019	US$5m	US$468k	US$350m
Sep 30 2019	n/a	n/a	US$310m
Jun 30 2019	n/a	n/a	US$249m
Mar 31 2019	n/a	n/a	US$205m
Dec 31 2018	US$6m	US$428k	US$177m
Sep 30 2018	n/a	n/a	US$188m
Jun 30 2018	n/a	n/a	US$170m
Mar 31 2018	n/a	n/a	US$190m
Dec 31 2017	US$2m	US$237k	US$176m

Compensation vs Market: Scott's total compensation ($USD6.35M) is above average for companies of similar size in the Austrian market ($USD4.36M).

Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.

CEO

Scott Boatwright (51 yo)

less than a year

Tenure

US$6,346,772

Compensation

Mr. Scott Boatwright has been the Chief Executive Officer and Director of Chipotle Mexican Grill, Inc. since November 12, 2024 and was its Interim Chief Executive Officer since August 31, 2024 until Novemb...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Boatwright	CEO & Director	less than a year	US$6.35m	0.0066% € 5.3m
John Hartung	President and Chief Strategy Officer	less than a year	US$8.38m	0.25% € 197.3m
Curtis Garner	Chief Customer & Technology Officer	7.7yrs	US$7.43m	0.023% € 18.3m
Christopher Brandt	Chief Brand Officer	1.5yrs	US$6.62m	0.023% € 18.2m
Adam Rymer	Chief Financial Officer	less than a year	no data	0.00090% € 721.5k
Jamie McConnell	Chief Accounting and Administrative Officer	less than a year	no data	no data
Cynthia Olsen	Head of Investor Relations & Strategy	no data	no data	no data
Roger Theodoredis	Chief Legal Officer	6.1yrs	no data	0.0038% € 3.1m
D Eskenazi	Chief Human Resources Officer	less than a year	no data	0.000040% € 32.1k
Jim Slater	Managing Director of Europe	8.2yrs	no data	no data
Laurie Schalow	Chief Corporate Affairs & Food Safety Officer	5.7yrs	no data	0.0075% € 6.0m
Anat Davidzon	Managing Director of Canada	no data	no data	no data

1.3yrs

Average Tenure

55yo

Average Age

Experienced Management: CHMG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Boatwright	CEO & Director	no data	US$6.35m	0.0066% € 5.3m
Gregg Engles	Independent Director	4.3yrs	US$341.08k	0.0073% € 5.9m
Patricia Fili-Krushel	Independent Director	5.7yrs	US$363.58k	0.0028% € 2.2m
Mary Winston	Independent Director	4.3yrs	US$341.08k	0.0016% € 1.3m
Albert Baldocchi	Independent Director	27.8yrs	US$336.08k	0.24% € 189.6m
Matthew Carey	Independent Director	3.7yrs	US$341.08k	0.0041% € 3.3m
Mauricio Gutierrez	Independent Director	3.7yrs	US$341.08k	0.0016% € 1.3m
Scott Maw	Chairman & Lead Independent Director	5.7yrs	US$418.58k	0.0029% € 2.3m
Robin S. Hickenlooper	Independent Director	7.9yrs	US$356.08k	0.0030% € 2.4m
Laura Fuentes	Independent Director	1.2yrs	US$171.04k	0.00053% € 424.9k

4.3yrs

Average Tenure

58yo

Average Age

Experienced Board: CHMG's board of directors are considered experienced (4.3 years average tenure).

Chipotle Mexican Grill Management

Management criteria checks 1/4

Key information

Recent management updates

Chief Brand Officer recently sold €1.1m worth of stock

Chipotle Mexican Grill Announces Chief Financial Officer Changes, Effective October 1, 2024

Chipotle Mexican Grill, Inc. Announces CEO Changes

Chipotle Mexican Grill, Inc. Announces Chief Financial Officer Changes

Chairman & CEO recently sold €19m worth of stock

Insufficient new directors

Recent updates

Bleichmar Fonti & Auld LLP Files Lawsuit Against Chipotle Mexican Grill, Inc

Chief Brand Officer recently sold €1.1m worth of stock

The Schall Law Firm Files Class Action Lawsuit Against Chipotle Mexican Grill, Inc

Third quarter 2024 earnings released: EPS: US$0.28 (vs US$0.23 in 3Q 2023)

Chipotle Mexican Grill, Inc. (NYSE:CMG) announces an Equity Buyback for $500 million worth of its shares.

New minor risk - Insider selling

Now 21% overvalued

Chipotle Mexican Grill, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Chipotle Mexican Grill Announces Chief Financial Officer Changes, Effective October 1, 2024

Now 21% overvalued

Chipotle Mexican Grill, Inc. Tests Chipotle Honey Chicken in Select Markets

Chipotle Mexican Grill, Inc. Announces CEO Changes

Now 22% overvalued

Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.25 in 2Q 2023)

Chipotle Mexican Grill, Inc. (NYSE:CMG) announces an Equity Buyback for $400 million worth of its shares.

Chipotle Mexican Grill, Inc. Announces Chief Financial Officer Changes

Chipotle Mexican Grill, Inc. to Report Q2, 2024 Results on Jul 24, 2024

Chairman & CEO recently sold €19m worth of stock

First quarter 2024 earnings released: EPS: US$13.09 (vs US$10.56 in 1Q 2023)

Insufficient new directors

Chipotle Mexican Grill, Inc., Annual General Meeting, Jun 06, 2024

Chipotle Mexican Grill, Inc. Reintroduces One of Most Popular Menu Innovations

Chipotle Mexican Grill, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Chief Legal Officer recently sold €1.7m worth of stock

Full year 2023 earnings released: EPS: US$44.59 (vs US$32.28 in FY 2022)

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the Full Year of 2024

Chief Operating Officer recently sold €2.7m worth of stock

Chipotle Mexican Grill, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Chipotle Mexican Grill, Inc. Announces Its Latest Chipotle Goods Merch Drop

Chief Brand Officer recently sold €1.1m worth of stock

Chipotle Mexican Gril Announces Executive Changes, Effective November 27,2023

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the Fourth Quarter and Full Year of 2023

Chipotle Mexican Grill, Inc. (NYSE:CMG) announces an Equity Buyback for $300 million worth of its shares.

Third quarter 2023 earnings released: EPS: US$11.37 (vs US$9.26 in 3Q 2022)

Chipotle Mexican Grill, Inc. Appoints Laura Fuentes to Its Board of Directors

Chipotle Mexican Grill, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the Third Quarter and Full Year 2023

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$12.38 (vs US$9.32 in 2Q 2022)

Chipotle Mexican Grill, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Independent Director recently sold €203k worth of stock

Chief Restaurant Officer recently sold €5.7m worth of stock

First quarter 2023 earnings released: EPS: US$10.56 (vs US$5.65 in 1Q 2022)

Chairman & CEO recently sold €3.3m worth of stock

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the First Quarter of 2023

Full year 2022 earnings released: EPS: US$32.28 (vs US$23.21 in FY 2021)

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the First Quarter of 2023

Chipotle Mexican Grill, Inc. Launches New Lineup of Lifestyle Bowls

Chief Marketing Officer recently sold €441k worth of stock

Chief Restaurant Officer recently sold €668k worth of stock

Chipotle Mexican Grill, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Third quarter 2022 earnings released: EPS: US$9.26 (vs US$7.26 in 3Q 2021)

Chipotle Mexican Grill, Inc. (NYSE:CMG) announces an Equity Buyback for $200 million worth of its shares.

Chipotle Mexican Grill, Inc. Introduces New Garlic Guajillo Steak Across the U.S., Canada and the Metaverse

Chipotle Mexican Grill, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Chief Technology Officer recently sold €5.0m worth of stock

Chipotle Mexican Grill, Inc. (NYSE:CMG) announces an Equity Buyback for $300 million worth of its shares.

Second quarter 2022 earnings released: EPS: US$9.32 (vs US$6.68 in 2Q 2021)

Chipotle Mexican Grill Announces It Is Piloting Mexican Cauliflower Rice At 60 Restaurants in Arizona, Southern California, and Wisconsin for A Limited Time

Chief Technology Officer recently sold €1.3m worth of stock

Now 22% undervalued after recent price drop

Chipotle Mexican Grill Announces Its First Seasonal Beverage, Watermelon Limeade

Chipotle Mexican Grill, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Chief Restaurant Officer recently sold €3.7m worth of stock

Independent Director recently bought €363k worth of stock

First quarter 2022 earnings released: EPS: US$5.65 (vs US$4.52 in 1Q 2021)

Chipotle Mexican Grill, Inc. Provides Sales Guidance for the Second Quarter 2022

Chipotle Mexican Grill, Inc., Annual General Meeting, May 18, 2022

Chipotle Mexican Grill, Inc. Tests RFID Technology for Traceability