Longtime CFO of Chipotle to retire; successor named
Chipotle Mexican Grill is losing one of its veteran executives.
After nearly 25 years with the company, Jack Hartung has decided to retire, effective March 31, 2025. He has served as CFO since 2002 and will be succeeded in the role by Adam Rymer, a 15-year Chipotle veteran, beginning January 1, 2025.
Rymer joined Chipotle in 2009 and currently serves as VP of finance, overseeing its corporate finance, field finance and investor relations functions. During his entire tenure at Chipotle, he has reported directly or indirectly to and been mentored by Hartung, as well as held a variety of finance positions of increasing responsibility. Rymer will serve on Chipotle's executive leadership team and report to Chipotle CEO and chairman Brian Niccol.
"Jack is one of the best CFOs in the business, and he has played an instrumental role in helping Chipotle deliver unprecedented growth while building our culture and multiple, strong teams with deep expertise,” said Niccol. “I'm also pleased to have Adam Rymer succeed Jack as CFO which is a testament to our strong talent bench and thoughtful succession planning. I am confident he is the right leader to take on this important role and continue to deliver on our purpose, culture and financial success."
Hartung will continue in his current position through the end of the year and will remain with the company until March 31, 2025 to help ensure a smooth transition.
“I have been fortunate to work for such a great brand with amazing people, and I am proud of the significant impact we have made on elevating food culture, as well as successfully driving our compelling growth strategy and unlocking considerable shareholder value over the years,” Hartung stated. “I started working with Chipotle when there were less than 200 restaurants, and with over 3,500 today, I'm confident Chipotle has a long runway of profitable growth ahead led by the best team in the industry."
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In addition, Jamie McConnell will assume the role of chief accounting and administrative officer on January 1, 2025, reporting to Rymer. McConnell, who joined Chipotle in 2018, currently serves as VP, controller, with responsibility for the corporate accounting, financial reporting, tax, internal audit, accounting shared services, licensing and payroll functions.
"Jamie has provided great leadership, built strong teams, and has taken on increasingly challenging responsibilities since she joined Chipotle,” said Hartung. “I have complete confidence that Adam and Jamie, along with a deep bench of financial and accounting talent, will help take Chipotle to the next level in the coming years.”
With nearly 3,500 Chipotle restaurants in the United States, Canada, the United Kingdom, France, Germany, and Kuwait, Chipotle is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe.