“Chipotle Is Down 25% After Losing Its CEO: …”
September 5, 2024
“A big shake-up just hit Chipotle Mexican Grill (NYSE: CMG). Longtime chief executive officer (CEO) Brian Niccol just announced a surprising departure to Starbucks. Niccol has been instrumental in delivering a turnaround for Chipotle after its foodborne illness outbreaks, leading the stock to 800% returns since joining in 2018, making it one of the best-performing stocks in the world over that time.
Leaving a company — especially for a competitor — will always upset investors. It is no surprise, then, to see Chipotle stock falling on this news. In fact, the stock has taken a 25% dive since its recent stock split in June…”
https://www.aol.com/finance/chipotle-down-25-losing-ceo-101100446.html?guccounter=1