Scott Boatwright

Chief Executive Officer (CEO) at Chipotle Mexican Grill Inc

Since November 11, 2024

Age

52 years

Education

Holds a Bachelor's degree from Florida State University and an MBA from the J. Mack Robinson College of Business at Georgia State University.

Tenure

Joined in May 2017, first serving in key operational roles before becoming Interim CEO in August 2024 and then permanent CEO on November 11, 2024.

Also at Chipotle Mexican Grill Inc

Adam Rymer

Chief Financial Officer (CFO)

Chris Brandt

Chief Brand Officer

Curt Garner

Chief Customer and Technology Officer

About

Scott Boatwright has built a robust career in the restaurant industry, beginning with an 18-year tenure at Arby’s Restaurant Group where he held several leadership roles, including Senior Vice President of Operations overseeing over 1,700 restaurants.

At Chipotle Mexican Grill, he took on progressively responsible roles, contributing significantly to operational excellence across more than 3,600 restaurants and 125,000 employees. His work has encompassed technology integration, strategic turnaround initiatives, and an unwavering focus on improving guest experiences.

Beyond his operational achievements, he has further extended his impact through board memberships and active participation in industry councils, underscoring his commitment to cultivating a better organizational culture and long-term growth. His leadership ethos reflects a blend of strategic vision, hands-on operational expertise, and a deep passion for community and shareholder value.

$CMG Performance Under Scott Boatwright

Past Roles

Organization	Role	Date Range	Details
Chipotle Mexican Grill (CMG)	Interim CEO	Aug 2024 – Nov 2024	Held the interim position prior to permanent CEO appointment
Chipotle Mexican Grill (CMG)	Chief Operating Officer	N/A	Accountable for over 120,000 employees and 3,600+ restaurants; integrated new technology and built a culture driving guest experience
Chipotle Mexican Grill (CMG)	Chief Restaurant Officer	May 2017 – 2024	Oversaw restaurant operations and field-operations-focused People Experience
Arby's Restaurant Group	Senior Vice President of Operations	N/A	Spent 18 years at Arby's with the last 6 years as SVP, responsible for over 1,700 restaurants and holding various leadership positions

External Roles

Organization	Role	Date Range	Details
Academy Sports and Outdoors, Inc.	Board Member	N/A	N/A
National Restaurant Association	Member, Fast Casual Industry Council	N/A	N/A

Fixed Compensation

Data from FY 2025

Component Name	Amount	Payment Schedule	Additional Details
Annual Base Salary	$1,100,000	Annual	Increased from previous $1,000,000 as Interim CEO

Performance Compensation

Data from FY 2025

Annual Cash Incentive

Metric	Value	Details
Target Cash Incentive	$2,200,000	Set at 200% of the $1,100,000 base salary
Company Performance Factor (CPF)	75%	Based on metrics: Comparable Restaurant Sales (40%), Restaurant Cash Flow Margin (40%), Site Assessment Requests (20%)
Individual Performance Factor (IPF)	25%	Capped based on CPF achievement
Payout Range	0% to 275%	Payouts above 200% are delivered as Restricted Stock Units (RSUs)
Vesting for RSUs	2 equal installments on 2nd and 3rd anniversaries	RSUs vest in two installments if payout exceeds 200%; subject to continued service
Food Safety Modifier	Up to -20%	May reduce bonus by up to 20% (no additional bonus for strong performance)

Annual Equity Awards

Metric	Value	Details
Aggregate Grant Value	$13,000,000	Annual equity awards for 2025 under shareholder-approved equity plans
Vesting Schedule	Not specified	Specific vesting details for 2025 awards are not provided
Grant Date Stock Price	Not specified	No information on the grant date stock price
Performance Metrics or Thresholds	Not specified	No specific performance metrics, thresholds, or targets provided for the 2025 equity awards