Chipotle Mexican Grill appointed Scott Boatwright as its permanent CEO, filling the role after Brian Niccol's departure to lead Starbucks. Boatwright, who joined Chipotle in 2017 after eighteen years with Arby’s, has vowed to expand the chain to 7,000 locations across North America. Analysts view Scott Boatwright as the logical choice for Chipotle’s CEO, citing his contributions to the company, and they believe he will strengthen investor confidence. Chipotle shares initially lost $6 billion following Niccol’s exit before rebounding by 14%.
