Investing.com – Chipotle Mexican Grill Inc (NYSE:) today revealed that its Chief Financial Officer, Jack Hartung, will retire on March 31, 2025, after nearly a quarter-century with the company. Hartung has served as CFO since 2002.
Adam Rymer, a seasoned Chipotle executive with 15 years of experience at the company, is scheduled to succeed Hartung as CFO effective 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 advised directly or indirectly by Hartung throughout his tenure.
As CFO, Rymer will join Chipotle’s executive leadership team and report directly to Brian Niccol, President and CEO. Hartung will continue in his current role through the end of the year and remain in the role through March 31, 2025 to facilitate a smooth transition.
Brian Niccol, President and CEO, expressed his gratitude to Hartung, saying, “Jack is one of the best CFOs in the industry and has played a critical role in helping Chipotle achieve unprecedented growth while building our culture and our multiple, strong teams with deep experience.”
Reflecting on his time at Chipotle, Hartung said, “I’ve been fortunate to work for such a great brand with incredible people, and I’m proud of the significant impact we’ve had in elevating food culture, as well as successfully driving our compelling growth strategy and unlocking significant 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 ensure Chipotle’s future success.”
Additionally, Jamie McConnell, who currently serves as vice president and controller, will assume the role of chief accounting and administration officer on January 1, 2025, and will report directly to Rymer. McConnell has reported to Hartung since joining Chipotle in 2018.
Hartung expressed confidence in McConnell and Chipotle’s deep team of financial and accounting talent, believing they will help lead the company to new heights in the years ahead.