-
Company drops co-CEO model
The food safety crisis that took the wind out of the sails of formerly high-flying Chipotle Mexican Grill has finally taken a toll on the chain’s executive suite. The chain announced that Monty Moran has stepped down as co-CEO and from his board seat, effective immediately. Chipotle founder Steve Ells, currently co-CEO, will be the sole chief executive. He will also remain chairman. -
Trump to tap fast-food exec as labor secretary
President-elect Donald Trump will name Andy Puzder, CEO of CKE Restaurants, as labor secretary, according to several media reports. Puzder, whose company operates the Carl’s Jr. and Hardee’s burger retail chains, has argued against raising the minimum wage to more than $9 per hour. He also has been an advocate of cutting back or eliminating regulations he claims have been a detriment to the restaurant industry and has been critical of the Affordable Care Act.