Chipotle Mexican Grill Management

Management criteria checks 2/4

Chipotle Mexican Grill's CEO is Brian Niccol, appointed in Mar 2018, has a tenure of 6.08 years. total yearly compensation is $22.47M, comprised of 5.8% salary and 94.2% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth MX$1.55B. The average tenure of the management team and the board of directors is 5.3 years and 4.4 years respectively.

Key information

Brian Niccol

Chief executive officer

US$22.5m

Total compensation

CEO salary percentage	5.8%
CEO tenure	6.1yrs
CEO ownership	0.1%
Management average tenure	5.3yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brian Niccol's remuneration changed compared to Chipotle Mexican Grill's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$22m	US$1m	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$17m	US$1m	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$18m	US$1m	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$38m	US$1m	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$16m	US$1m	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$34m	US$969k	US$177m

Compensation vs Market: Brian's total compensation ($USD22.47M) is above average for companies of similar size in the MX market ($USD6.04M).

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

CEO

Brian Niccol (49 yo)

6.1yrs

Tenure

US$22,473,428

Compensation

Mr. Brian R. Niccol served as Independent Director at KB Home since July 8, 2021 until April 18, 2024. He has been Chief Executive Officer and Director at Chipotle Mexican Grill, Inc., since March 05, 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Curtis Garner	Chief Customer & Technology Officer	7.1yrs	US$7.43m	0.026% $ 381.8m
Brian Niccol	Chairman & CEO	6.1yrs	US$22.47m	0.11% $ 1.5b
John Hartung	CFO & Chief Administrative Officer	22.3yrs	US$8.38m	0.24% $ 3.6b
Scott Boatwright	Chief Operating Officer	less than a year	US$6.35m	0.011% $ 155.9m
Cynthia Olsen	Head of Investor Relations & Strategy	no data	no data	no data
Roger Theodoredis	Chief Legal Officer	5.5yrs	no data	0.0068% $ 99.7m
D Eskenazi	Chief Human Resources Officer	less than a year	no data	0.000040% $ 588.5k
Jim Slater	Managing Director of Europe	7.6yrs	no data	no data
Laurie Schalow	Chief Corporate Affairs & Food Safety Officer	5.1yrs	no data	0.0076% $ 111.1m
Christopher Brandt	Chief Brand Officer	less than a year	US$6.62m	0.028% $ 407.8m
Anat Davidzon	Managing Director of Canada	no data	no data	no data
Lois Alexis-Collins	Chief People Officer - Field Operations	less than a year	no data	no data

5.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CMG *'s management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brian Niccol	Chairman & CEO	6.1yrs	US$22.47m	0.11% $ 1.5b
Gregg Engles	Independent Director	3.8yrs	US$341.08k	0.0070% $ 103.4m
Patricia Fili-Krushel	Independent Director	5.1yrs	US$363.58k	0.0025% $ 36.9m
Mary Winston	Independent Director	3.8yrs	US$341.08k	0.0017% $ 25.0m
Albert Baldocchi	Independent Director	27.3yrs	US$336.08k	0.24% $ 3.5b
Matthew Carey	Independent Director	3.1yrs	US$341.08k	0.0038% $ 56.1m
Mauricio Gutierrez	Independent Director	3.1yrs	US$341.08k	0.0014% $ 20.0m
Scott Maw	Lead Independent Director	5.1yrs	US$418.58k	0.0027% $ 39.3m
Robin S. Hickenlooper	Independent Director	7.3yrs	US$356.08k	0.0029% $ 42.8m
Laura Fuentes	Independent Director	less than a year	US$171.04k	0.00028% $ 4.1m

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: CMG *'s board of directors are considered experienced (4.4 years average tenure).

Chipotle Mexican Grill Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

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

Chief Legal Officer recently sold Mex$32m worth of stock

Chief Operating Officer recently sold Mex$52m worth of stock

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

Recent updates

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

Insufficient new directors

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 Mex$32m 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 Mex$52m 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

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

Independent Director recently sold Mex$2.0m worth of stock

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

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

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

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. Provides Sales Guidance for the Third Quarter and Full Year 2023

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

Independent Director recently sold Mex$3.8m worth of stock

Chief Restaurant Officer recently sold Mex$111m worth of stock

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

Chairman & CEO recently sold Mex$68m 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 Mex$9.2m worth of stock

Chief Restaurant Officer recently sold Mex$14m 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

Investor sentiment improved over the past week

Chief Technology Officer recently sold Mex$103m 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 Mex$27m worth of stock

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 Mex$78m worth of stock

Independent Director recently bought Mex$7.6m 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

High number of new directors

Chief Diversity recently sold Mex$45m worth of stock

Chipotle Mexican Grill, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

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

High number of new directors

Chipotle Mexican Grill Launches Plant-Based Chorizo and New Lifestyle Bowls

Chief Diversity recently sold Mex$7.3m worth of stock

Chipotle Mexican Grill Introduces Cilantro Soap

Third quarter 2021 earnings released: EPS US$7.26 (vs US$2.87 in 3Q 2020)

Chipotle Mexican Grill, Inc. Launches Smoked Brisket in the United States and Canada

Chipotle Mexican Grill, Inc. Introduces Its First-Ever Creator Class, Gives One Fan the Chance to Join the Exclusive Group

Chipotle Mexican Grill Tests Plant-Based Chorizo In Select Markets

Chief Restaurant Officer recently sold Mex$32m worth of stock

Chief Technology Officer recently sold Mex$49m worth of stock

Second quarter 2021 earnings released: EPS US$6.68 (vs US$0.29 in 2Q 2020)