Meet Chipotle’s new board members
The addition of new members to Chipotle Mexican Grill Inc.’s board brings new blood to a group that includes many long-time members.
On Friday, Chipotle announced the long-awaited changes to the board, adding four new members, including a representative of Pershing Square Capital Management, an activist investment firm that holds a nearly 10-percent stake in the company and is Chipotle’s largest investor.
Chipotle lost one board member earlier this week with the resignation of co-CEO Monty Moran.
Over the past few months, activist shareholders have pushed Chipotle to make changes, not only by adding diversity, but also by bringing a