Scott Boatwright is getting the permanent CEO nod. Chipotle’s stock is up 500% since he joined the company in 2017.

Chipotle appoints Scott Boatwright as permanent CEO, reinforcing operational stability after Brian Niccol's departure. Shares gain following the transition.

Chipotle Mexican Grill has announced the appointment of Scott Boatwright as its new chief executive officer and a board member, with immediate effect. Boatwright, who previously held the position of chief operating officer since 2017,

The operations specialist was named interim chief executive in August, replacing Brian Niccol at the fast-casual chain after his departure

By Juveria Tabassum (Reuters) -Chipotle Mexican Grill on Monday named interim boss Scott Boatwright as permanent CEO of the burrito chain in a widely expected move, months after Brian Niccol exited the role to take the top job at Starbucks.

Key Takeaways Chipotle stock was recently up more than 1%, rising as broader markets retreated, as investors digested the news that Scott Boatwright was named CEO full-time. Boatwright has been interim CEO since August and with the company since 2017.

Chipotle Mexican Grille has appointed Scott Boatwright as its permanent CEO, to contribute to the company's strategy and growth.