December 12, 2016 / 2:14 PM / a year ago

Chipotle makes Steve Ells sole CEO, Monty Moran steps down

Dec 12 (Reuters) - Chipotle Mexican Grill Inc said founder Steve Ells will be the sole chief executive and Monty Moran, co-chief executive, has stepped down.

“Given the ongoing challenges facing the company, the board felt strongly that it was best for Steve to resume leadership of the company going forward,” the company’s lead director Neil Flanzraich said.

Moran will retire from the company in 2017.

Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Martina D'Couto

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