Chipotle leaving Denver, plans HQ move to California

After nearly 25 years in Denver, Chipotle Mexican Grill is saying so long to its hometown, announcing Wednesday that it will move its headquarters to Southern California, where its new CEO lives.

The fast-casual restaurant chain, which has had a rough few years financially, will settle in Newport Beach, near fast-food neighbors Taco Bell, Del Taco and In-N-Out Burger.

In a news release, the company said it will spend the next six months moving corporate staff — from finance, HR and other corporate functions — to California and Ohio. But not all of its 375 corporate employees in Denver will be offered relocation or retention packages. Restaurant employees and field operations workers are not impacted by the move.

“The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent,” said Brian Niccol, who became Chipotle’s CEO in February. Niccol previously served as CEO of Taco Bell, based in Irvine, Calif.

Source link

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *