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Scott Boatwright

Chief Executive Officer (CEO) at CHIPOTLE MEXICAN GRILL
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

AR
Adam Rymer
Chief Financial Officer (CFO)
CB
Chris Brandt
Chief Brand Officer
CG
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

OrganizationRoleDate RangeDetails
Chipotle Mexican Grill (CMG) Interim CEOAug 2024 – Nov 2024 Held the interim position prior to permanent CEO appointment
Chipotle Mexican Grill (CMG) Chief Operating OfficerN/AAccountable 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 OfficerMay 2017 – 2024 Oversaw restaurant operations and field-operations-focused People Experience
Arby's Restaurant Group Senior Vice President of OperationsN/ASpent 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

OrganizationRoleDate RangeDetails
Academy Sports and Outdoors, Inc. Board Member N/AN/A
National Restaurant Association Member, Fast Casual Industry Council N/AN/A

Fixed Compensation

Data from  FY 2025
Component NameAmountPayment ScheduleAdditional 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

MetricValueDetailsCitation
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 Range0% to 275% Payouts above 200% are delivered as Restricted Stock Units (RSUs)
Vesting for RSUs2 equal installments on 2nd and 3rd anniversaries RSUs vest in two installments if payout exceeds 200%; subject to continued service
Food Safety ModifierUp to -20% May reduce bonus by up to 20% (no additional bonus for strong performance)

Annual Equity Awards

MetricValueDetailsCitation
Aggregate Grant Value$13,000,000 Annual equity awards for 2025 under shareholder-approved equity plans
Vesting ScheduleNot specifiedSpecific vesting details for 2025 awards are not provided
Grant Date Stock PriceNot specifiedNo information on the grant date stock price
Performance Metrics or ThresholdsNot specifiedNo specific performance metrics, thresholds, or targets provided for the 2025 equity awards

Interviews

Chipotle CEO Scott Boatwright goes one-on-one with Jim Cramer thumbnail

Chipotle CEO Scott Boatwright goes one-on-one with Jim Cramer

CNBC Television
8:39 min
Feb 5, 2025
Chipotle Interim CEO Scott Boatwright and President Jack Hartung sit down with Jim Cramer thumbnail

Chipotle Interim CEO Scott Boatwright and President Jack Hartung sit down with Jim Cramer

CNBC Television
11:12 min
Oct 2, 2024
NBC News Exclusive: Chipotle CEO on chain's plan to address rising costs thumbnail

NBC News Exclusive: Chipotle CEO on chain's plan to address rising costs

NBC News
3:14 min
Mar 3, 2025
Chipotle earnings: CEO Scott Boatwright explains the company's Q1 results thumbnail

Chipotle earnings: CEO Scott Boatwright explains the company's Q1 results

Yahoo Finance
10:19 min
Apr 23, 2025
Chipotle still seeing growth from all income cohorts, says Interim CEO Scott Boatwright thumbnail

Chipotle still seeing growth from all income cohorts, says Interim CEO Scott Boatwright

CNBC Television
6:43 min
Oct 29, 2024
Chipotle COO Scott Boatwright on What Sets Chipotle Apart thumbnail

Chipotle COO Scott Boatwright on What Sets Chipotle Apart

New York Stock Exchange
4:03 min
Apr 3, 2024
Only 50% of our avocados are from Mexico, says Chipotle CEO on tariff impact thumbnail

Only 50% of our avocados are from Mexico, says Chipotle CEO on tariff impact

CNBC Television
1:08 min
Feb 5, 2025
Chipotle CEO Scott Boatwright Talks Tariffs Impact, Plans for Growth | Bloomberg Talks thumbnail

Chipotle CEO Scott Boatwright Talks Tariffs Impact, Plans for Growth | Bloomberg Talks

Bloomberg Podcasts
7:34 min
Mar 10, 2025
Top Chipotle Exec. Reveals The Secret To Their Corporate Culture thumbnail

Top Chipotle Exec. Reveals The Secret To Their Corporate Culture

C-Suite Insights From Mattel, Chipotle Executives | Bloomberg Businessweek thumbnail

C-Suite Insights From Mattel, Chipotle Executives | Bloomberg Businessweek

Bloomberg Podcasts
35:32 min
Jul 27, 2023