Chipotle Mexican Grill announced the addition of Mary Winston to its board of directors. The changes to the board composition come after Chipotle appointed Brian Niccol, the company’s Chief Executive Officer, to the position of Chairman of the Board of Directors in early March, as well as the departure of three directors.
Mary Winston is the Founder and President of WinsCo Enterprises, Inc., a consulting firm providing financial and board governance advisory services since 2016. She served as interim Chief Executive Officer of Bed Bath & Beyond in 2019, and as Executive Vice President and Chief Financial Officer of Family Dollar Stores, from 2012 until it was acquired by Dollar Tree in 2015. Prior to that, Mary was Senior Vice President and Chief Financial Officer of Giant Eagle, a supermarket chain from 2008 to 2012, and as Executive Vice President and Chief Financial Officer of Scholastic Corporation from 2004 to 2007. Mary currently serves on the Boards of Directors of Acuity Brands, Inc., Domtar Corporation, Dover Corporation, and Bed Bath & Beyond.
“We’ve conducted a thorough search for several months, meeting with a diverse group of candidates, in an effort to have varying perspectives represented that will help accelerate the business as well as contribute to our mission of cultivating a better world,” said Brian Niccol, Chairman and Chief Executive Officer of Chipotle. “Mary’s vast experience and contributions across industries will help Chipotle achieve its strategic objectives and position us well for future success.”
With the Board composition changes announced, the Chipotle Board will now be comprised of nine directors, eight of whom are independent. The Board is committed to ongoing director refreshment and continues to consider new, qualified independent directors.
“I am grateful for the opportunity to serve on the board of such an innovative organization that is committed to being a leader in the restaurant industry and look forward to bringing valuable insights from my previous experience,” said Mary Winston.