Chipotle to Relocate Headquarters to Southern California

Denver — Chipotle Mexican Grill plans to relocate its headquarters, currently in Denver, to Newport Beach, Calif. Functions within the current Denver office will either be consolidated in Chipotle's existing office in Columbus, Ohio, or moved to the new headquarters in Newport Beach.

“We have a tremendous opportunity at Chipotle to shape the future of our organization and drive growth through our new strategy," says Brian Niccol, chief executive officer at Chipotle. Niccol joined Chipotle in March after 3 years as CEO of Taco Bell. "In order to align the structure around our strategic priorities, we are transforming our culture and building world-class teams to revitalize the brand and enable our long term success.”

Adds Niccol: “We'll always be proud of our Denver roots where we opened our first restaurant 25 years ago. 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.”

Over the next 6 months, Chipotle will transition its Denver and New York office functions to Newport Beach and Columbus. Newport Beach will serve as the headquarters for the company's operations, business development, marketing, communications, finance, supply chain, food safety, technology, HR and other corporate functions. The support functions will be located in the Shared Services Center in Columbus. Following this transition, Chipotle will close its Denver and New York City offices.

This move will affect approximately 400 employees in Denver and New York in fourth quarter 2018, with some being offered relocation and retention packages. The 70,000 field operations and restaurant employees are not part of this reorganization.

By consolidating shared services into the existing Columbus office, Chipotle will grow its workforce there from 100 to more than 250 employees. Consolidating in Columbus provides access to high-quality talent and offers cost advantages to support Chipotle's standardized business operations.

Chipotle opened with a single restaurant in Denver in 1993 and now operates more than 2,400 restaurants. For more information, visit www.Chipotle.com.

SOURCE: Chipotle Mexican Grill

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