Ells, who will remain chairman, began Chipotle in 1993 as an alternative to fast-food restaurants and the company has derided the kind of fare that Taco Bell sells.
David Tarantino, senior research analyst at Robert W. Baird & Co., said in a note Wednesday that Niccol (left) was a strong choice to lead 2,408-unit Chipotle, given his track record as CEO of 6,849-unit Taco Bell since 2015.
"Niccol needs to challenge the heritage thinking that has paralyzed this brand for two years", Scott said. Prior to this role, Williams was the Taco Bell CFO, where the brand delivered six years of industry-leading sales, profit and brand growth under her financial leadership, according to the release. The new chief executive officer will be Brian Niccol, who ran Taco Bell for three years and met sweet success courting crowds with indulgent dishes such as Doritos Locos Tacos and A.M. Crunch Wraps.
Shares of Chipotle were up 11 per cent at US$279 (RM1,098.98) in extended trading.
The news, which came after markets closed, sent Chipotle share prices up by as much as 12%. Niccol was responsible for repositioning Taco Bell as a lifestyle brand and launching the chain's breakfast offerings.
A spokesperson from activist investor Bill Ackman's firm, Pershing Square Capital Management called Niccol "the right leader to reinvigorate the company".
Julie Felss Masino, 47, president of Taco Bell North America, and Liz Williams, 42, president of Taco Bell International, will assume leadership of the Taco Bell Division in their respective roles, according to Yum! The chain also hinted it may be testing new menu items - a fast-food strategy that Chipotle has long refused to try. They've also said Chipotle should hire more employees to relieve pressure on existing staff, which has been under duress and has had to deal with an increase in responsibilities since the food-safety issues arose.
Perhaps trying to cement the point that Aubameyang should be seeking inspiration from the qualities of the French superstar. Arsenal striker Alexandre Lacazette needs to improve or could face being sold in the summer, according to Emmanuel Petit .
We have work to do. "Let me make this clear, I want and we want a coach for this organization that wants to be here". The Colts are now reviewing their options once more, but Ballard remains confident of hiring a new head coach soon.
Police later found cell phone recordings made by Giles in which he made clear his obsession with Meg and hatred of her boyfriend. A "disturbed fan" armed with a gun entered the home of a celebrity YouTube couple before firing at least one shot, police said.
In five Pink ODIs, the former South African captain averages 112.50 with the bat, with one century and two half-centuries. MS Dhoni was left to bat out overs 33 to 42 without taking risks even if it meant a dip in the run-rate.
Hock Tan President and Chief Executive Officer Broadcom Limited 1 Yishun Avenue 7 Singapore 768923 Dear Mr. Qualcomm's proposed acquisition of NXP was approved by European Union antitrust regulators last month.
It will cost nearly $90bn (£65.1bn) to rebuild war-torn Iraq after three years of bitter fighting with Islamic State (Isis). Analysts said Iraqi leaders are expected to pressure Saudi Arabia and other Gulf Arab states to step up to the plate.
Israel Stands Firm: Will Iran Capitulate?
Israel maintains that four of its F-16 jets were returning from a bombing raid on an Iranian drone control site inside Syria . Hence the Iranian determination to follow through with this strategy despite their clear understanding of Israel's red lines.
Detroit Pistons acquire veteran guard Jameer Nelson
The Los Angeles Clippers originally traded Reed to the Pistons in the recent deal that also sent Blake Griffin to Detroit . The 20th pick overall in the 2004 NBA Draft, Nelson is on a one-year contract for a reported $2.26 million this season.
Stocks open higher on Wall Street
Dow Jones is still struggling to get its foot hold after Monday's huge meltdown, when it fell again by more than 1,000 points. The S&P 500 index showed 2 new 52-week highs and no new lows, while the NASDAQ recorded 13 new highs and 21 new lows.
Meet Lucas, first Gerber baby with Down syndrome
The proud dad is a helicopter fix person and served in Georgia's National Guard for six years, Fox 5 Atlanta reported. The internet was rife with cooing adoration upon seeing and hearing of Lucas Warren's most recent accomplishment.
Nicole Eggert Files LAPD Report Against Scott Baio
Sara Gilbert broke down in tears when she read how Baio allegedly assaulted her friend while he worked on the show. Nicole Eggert took Scott Baio's advice and filed a police report against the " Charles in Charge " actor Tuesday.