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Chipotle is promising to pay top executives up to $1 million if they don't ditch the chain before it finds a new CEO (CMG) [The Business Insider]

CHIPOTLE MEXICAN GRILL (CMG)  More Company Research Source: The Business Insider
Last chipotle mexican grill earnings: 4/25 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
PDF Chipotle is promising to pay top executives up to $1 million if they don't ditch the chain before it finds a new CEO Chipotle is paying more than $1.6 million to make sure executives don't jump ship before the struggling burrito chain finds a new CEO. Chipotle founder and CEO Steve Ells. AP Images On Friday, Chipotle reported in an SEC filing that it had entered into retention agreements with certain executives to convince them to stay at the chain as it searches for a replacement for founder Steve Ells. As part of the agreement, Chipotle will pay CFO Jack Hartung $1 million if he stays at Chipotle for one year following the appointment of a new CEO. CMO Mark Crumpacker is set to receive $600,000 on the one-year anniversary of the appointment of Ells' replacement. Crumpacker had previously taken a three-month leave of absence in 2016 after being arrested on charges of cocaine possession. Chipotle announced in November that Ells plans to step down as it begins its hunt f [Read more]

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