Chipotle's New CEO Scott Boatwright Will Make Millions, But It Will Still Be Half Of Ex-CEO Brian Niccol's Pay
Chipotle's New CEO Scott Boatwright Will Make Millions, But It Will Still Be Half Of Ex-CEO Brian Niccol's Pay
Chipotle Mexican Grill, Inc. (NYSE:CMG) announced Monday that Scott Boatwright, who served as interim CEO since August, will permanently lead the fast-casual restaurant chain with a compensation package valued less than half of his predecessor's pay.
Chipotle Mexican Grill, Inc. (纽交所:CMG) 宣布,自八月以来担任临时CEO的斯科特·博特怀特将永久领导这家快餐连锁餐厅,其薪酬总额不到前任的一半。
What Happened: Boatwright, 52, who served as interim CEO since August, will receive a total package valued at approximately $11 million – a significant increase from his previous $6.3 million compensation as chief operating officer but substantially lower than his predecessor's earnings, according to Fottune's valuation.
发生了什么:52岁的博特怀特自八月以来担任临时CEO,他的总薪酬约为$11,000,000,比之前担任首席运营官时的$6,300,000大幅增加,但远低于前任的收入,根据财富杂志的估值。
The package includes a $1 million base salary, a potential cash bonus of $1.2 million, an $8 million retention grant, and a $3.5 million restricted stock award, plus a $200,000 aircraft allowance.
该套餐包括$1,000,000的基本工资,可能的$1,200,000现金奖金,$8,000,000留任奖金,$3,500,000限制股奖励,再加上$200,000的飞机津贴。
In contrast, former CEO Brian Niccol's 2023 compensation reached $22.5 million before his departure to Starbucks. Niccol's new position came with a lucrative $113 million package, including a $10 million sign-on bonus and $75 million in equity grants.
相比之下,前CEO布赖恩·尼科尔在离职前的2023年薪酬达到$22,500,000,之后加入星巴克。尼科尔的新职位获得了一份价值$113,000,000的利润丰厚的套餐,其中包括$10,000,000的签约奖金和$75,000,000的股权津贴。
"We conducted a thorough and rigorous external search process that confirmed Scott is absolutely the best person to lead the next stage of growth at Chipotle," board chair Scott Maw said in a statement.
“我们进行了彻底而严格的外部搜索程序,确认斯科特绝对是领导 Chipotle 下一阶段增长的最佳人选,”董事会主席斯科特·莫在一份声明中表示。
Why It Matters: When asked about the compensation details, a Chipotle spokesperson told Fortune: "The bulk of Scott's compensation will be received through his equity awards, and the actual value Scott will receive is entirely dependent on achievement of the performance goals for the awards and the stock price at the time of vesting."
为何重要:在被问及薪酬细节时,Chipotle 发言人告诉财富杂志:“斯科特大部分薪酬将通过他的股权奖励获得,斯科特将获得的实际价值完全取决于对奖项的执行绩效目标以及绩效股票价格的实际价值。”
The appointment comes amid broader leadership changes at Chipotle, including the elevation of Jack Hartung to president of strategy, finance, and supply chain. The company issued retention grants totaling $34.5 million to key executives to ensure stability during the transition, according to Fortune.
此任命发生在 Chipotle 进行更广泛领导层变动之际,其中包括提升杰克·哈唐为策略、金融和供应链总裁。据财富杂志报道,公司发放了总额达 $34,500,000 的留任津贴给关键高管,以确保在过渡期间的稳定。
Price Action: Chipotle's stock has risen nearly 35% year to date, currently trading at $60.49. Under Niccol's tenure, the company's share price grew 800%, according to Benziga Pro data.
价格走势:Chipotle 的股价今年迄今上涨近35%,目前交易价为 $60.49。根据彭博专业数据,尼科尔任内,公司股价增长了800%。
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Image Via Shutterstock
图片来自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
这篇文章是使用Benzinga Neuro生成的,并由编辑 Kaustubh Bagalkote