Summary by Moomoo AI
Jack Hartung, Chipotle's Chief Financial and Administrative Officer since 2002, has announced his retirement effective March 31, 2025. Adam Rymer, a 15-year company veteran currently serving as Vice President of Finance, will take over as CFO starting January 1, 2025. Hartung will remain with the company through March 2025 to ensure a smooth transition.Jamie McConnell, currently Vice President and Controller, will be promoted to Chief Accounting and Administrative Officer on January 1, 2025, reporting to Rymer. McConnell, who joined in 2018, has been directly mentored by Hartung and oversees various financial functions including Corporate Accounting, Financial Reporting, Tax, and Internal Audit.During Hartung's tenure, Chipotle has grown from less than 200 restaurants to over 3,500 locations across multiple countries. The company maintains its position on the Fortune 500 and is recognized on Fortune's Most Admired Companies 2024 list, with more than 120,000 employees worldwide.
