Chipotle announces upcoming retirement of CFO Jack Hartung

Investing.com - Chipotle Mexican Grill Inc (NYSE:CMG) revealed today that its Chief Financial Officer, Jack Hartung, is set to retire on March 31, 2025, after nearly a quarter-century with the company. Hartung has held the CFO position since 2002.

Adam Rymer, a seasoned Chipotle executive with 15 years of experience with the company, is slated to take over from Hartung as CFO starting January 1, 2025. Rymer, who has been with Chipotle since 2009 and currently serves as Vice President of Finance, overseeing Corporate Finance, Field Finance and Investor Relations, has been directly or indirectly mentored by Hartung throughout his tenure.

As CFO, Rymer will serve on Chipotle's executive leadership team, reporting directly to Brian Niccol, Chairman and Chief Executive Officer. Hartung will continue in his current role until the end of the year, staying on until March 31, 2025, to facilitate a seamless transition.

Brian Niccol, Chairman and CEO, expressed his gratitude to Hartung, stating, "Jack is one of the best CFOs in the business, and he has played an instrumental role in helping Chipotle deliver unprecedented growth while building our culture and multiple, strong teams with deep expertise."

Reflecting on his time at Chipotle, Hartung said, "I have been fortunate to work for such a great brand with amazing people, and I am proud of the significant impact we have made on elevating food culture, as well as successfully driving our compelling growth strategy and unlocking considerable shareholder value over the years."

He also expressed confidence in Rymer, noting, "I am confident that his deep understanding of Chipotle and the restaurant industry, coupled with his strong financial and senior leadership experience, will help to ensure Chipotle's future success."

Furthermore, Jamie McConnell, currently serving as Vice President, Controller, will step into the role of Chief Accounting and Administrative Officer on January 1, 2025, reporting to Rymer. McConnell has been under Hartung's mentorship since joining Chipotle in 2018.

Hartung expressed confidence in McConnell and the deep bench of financial and accounting talent at Chipotle, believing they will help take the company to new heights in the coming years.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: