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Chipotle co-CEO steps down as chain struggles to recover from sales slump
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Chipotle co-CEO Monty Moran has stepped down from his role effective immediately. Founder Steve Ells is now the company's sole chief executive, Chipotle said Monday.
"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," Neil Flanzraich, the lead director of Chipotle's board, said in a statement.
Ells said Chipotle's operations had become "overcomplicated" and the company needed to "act with a sense of urgency toward all of the changes we are pursuing" after the E.
coli outbreak that has sent sales plunging.
Customers have been slow to return to Chipotle since the outbreak, which started late last year.
As a result, Chipotle manage