Chipotle offers $1 million retention bonus to CFO
Steve Ells
Chipotle's CFO is set to make $1 million if he stays at Chipotle for one year after the chain replaces founder Steve Ells with a new CEO.
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 .
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 for a new CEO. According to Chipotle  the company is looking for "a new leader with demonstrated turnaround expertise to help address the challenges facing the company  improve execution  build customer trust  and drive sales."
Chipotle's CFO is set to make $1 million if he stays at Chipotle for one year after the chain replaces founder  [TGT]  with a new CEO.
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  [TGT]  .
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 for a new CEO. According to Chipotle  the company is looking for "a new leader with demonstrated turnaround expertise to help address the challenges facing the company  improve execution  build customer trust  and drive sales."