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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. -
Executive promotion at activewear retailer
Lululemon athletica inc. has promoted Celeste Burgoyne to executive VP, retail, Americas, effective immediately. Burgoyne has been with lululemon since 2006 and most recently served as senior VP, retail, North America where she was responsible for overseeing all Canadian and U.S. retail. She started her career with Abercrombie & Fitch, where she held various positions during her ten years with the company, including most recently, senior director of stores.

