Tuesday, 23 October, 2018

Chipotle Hires Taco Bell CEO

Chipotle announced it will replace CEO Steve Ells with former Taco Bell CEO Brian Niccol effective March 5. Image Chipotle Facebook Chipotle announced it will replace CEO Steve Ells with former Taco Bell CEO Brian Niccol effective March 5. Image Chipotle Facebook
Doris Mccormick | 15 February, 2018, 14:19

Niccol also shepherded Taco Bell when it pivoted its marketing philosophy. While some on Wall Street support the hiring, CNBC's Jim Cramer said Niccol represents the anithesis of Chipotle's values. "It will be on the new CEO to really separate his management skills from the specific strategies that were implemented at Taco Bell".

Chipotle Mexican Grill Inc shares jumped as much as 16 percent on Wednesday, as analysts called its recruitment of Taco Bell chief executive Brian Niccol a potentially transformational moment after two years of brand-crushing food-safety scandals. Ells, who will remain chairman, began Chipotle in 1993 as an alternative to fast-food restaurants and the company has derided the kind of fare that Taco Bell sells. From 2000 to 2012, Taco Bell closed roughly 1,000 locations.

While the case was dropped, executives said that the negative effects lingered for months - longer than they had expected. "As we look ahead, I couldn't be more excited about the strength of Taco Bell as the brand continues its journey to become a $15 billion company with 9,000 restaurants globally by 2022".

Former co-CEO, Monty Moran also stepped down back in 2016 as the Mexican food chain was struggling due to a major E. coli outbreak. In that role, he oversaw the debut of the wildly successful Doritos Locos Tacos. Brands' Pizza Hut concept and, prior to that, with consumer goods company Proctor and Gamble.

Since then, Taco Bell has been unstoppable when it comes to getting its message before experience-driven millennials. Brands Taco Bell Division in their current respective roles.

Haiti's president condemns 'violation of human dignity' following Oxfam scandal
There were also 12 reports of inappropriate conduct with children in 2012/12 and seven in 2013/14. However, the issues revealed in recent days are shocking and unacceptable.


Valentine's Day marked with roses, arrests, celebrations
It had warned couples against visiting public areas and threatening to get them married. The police are trying to identify miscreants with the help of CCTV footage.


Choi Soon-sil jailed 20 years for corruption
Choi received a three-year prison term last June in a separate case related to influence-peddling in university admissions. She also said that she only wanted to help Park with his work and never thought of pursuing any personal benefits from it.


Taco Bell has continued to find success with quirky advertising, such as in its 2013 Super Bowl ad that featured grandparents clubbing at a retirement home.

Niccol, who previously served as president of Yum!

Taco Bell, meanwhile, is better known for its wild and affordable new menu items than it is a strict dedication to fresh food. Under his leadership, he successfully repositioned Taco Bell as a lifestyle brand and successfully launched numerous product initiatives, including the new breakfast daypart, the fastest growing daypart in the industry.

However, investors seem confident that Niccol is up for the job. (NYSE:CMG)'s stock on Tuesday traded at beginning with a price of $254.13 and when day-trade ended the stock finally plummeted -1.23% to reach at $251.33.

"During Mr. Niccol's tenure at Taco Bell, he helped transform the brand's image, appealing to millennial consumers", UBS analyst Dennis Geiger wrote in a note to investors on Wednesday.

Recommended

  • Mike Pence Criticizes 'The View' for Religion

    Mike Pence Criticizes 'The View' for Religion "Insult"

    Pence concluded, "It's just simply wrong for ABC to have a television program that expresses that kind of religious intolerance". The vice president said " The View " hosts insulted the "vast majority of the American people who cherish faith".
    Make your Valentine's Day special with Messenger

    Make your Valentine's Day special with Messenger

    For those who like to personalize their chats, red is the most popular chat color and ❤is the most popular custom emoji. Facebook has not said how long the feature will be active for, but it will go live for users on Valentine's Day itself.
    Israeli Police Push For Prime Minister Netanyahu's Indictment On Corruption Charges

    Israeli Police Push For Prime Minister Netanyahu's Indictment On Corruption Charges

    Labor Party Chairman Avi Gabbay said that "the Netanyahu era is over, either at the ballot box or through investigations". Justice Minister Ayelet Shaked said any prime minister who has been charged should not be obliged to resign.
  • Gavin Free And Meg Turney Just Addressed Their Horrific Gunman Ordeal

    Gavin Free And Meg Turney Just Addressed Their Horrific Gunman Ordeal

    The couple called 911 and reported that someone broke into their home and was roaming around the residence. Austin police described Giles as " single, lonely and disturbed ", according to the court documents .
    Why Yes, Jennifer Garner Sells Girl Scout Cookies With Her Kid

    Why Yes, Jennifer Garner Sells Girl Scout Cookies With Her Kid

    With one Girl Scout and one Brownie in her household, this isn't Garner's first rodeo when it comes to cookie sales. Outside of her Girl Scout leader commitments, Jennifer Garner can still be seen on the big screen.
    Allegiant base coming to Destin-Fort Walton Beach Airport

    Allegiant base coming to Destin-Fort Walton Beach Airport

    DESTIN — Allegiant Airs Florida footprint is growing. "If you haven't been to Florida's emerald coast I highly recommend it". The seasonal flights will operate twice weekly from Blue Grass Airport (LEX) to Destin-Fort Walton Beach Airport (VPS).
  • Basel 0-4 Manchester City: Quotes & Tweets

    Basel 0-4 Manchester City: Quotes & Tweets

    They have enough ways of scoring goals so when Ilkay Gundogan heads in a corner you know you're in for a tough night. We started well, we created chances and managed to win balls but, as I said yesterday, we needed a ideal night.
    Boy in ambulance hit by driver now fighting for life

    Boy in ambulance hit by driver now fighting for life

    Court documents said he had a blood-alcohol content of.19 percent, slurred speech and glassy eyes at the time of the crash. Immigration and Customs Enforcement (ICE) Agents could take custody of him should he make bail on the existing charges.
    Plane refused take off by police after reported French rugby brawl

    Plane refused take off by police after reported French rugby brawl

    Of the six players interviewed by police only Yacouba Camara - who started at flanker against Scotland - has kept his place. Events Manager Jo McKinnell said the French players were in the bar on Sunday evening but that there were no incidents.
  • Windows Defender ATP Comes To Windows 7 And 8.1

    Windows Defender ATP Comes To Windows 7 And 8.1

    The release targets the users who are now in transition and still have at least Windows 7 devices in possession. So, Microsoft is adding Windows Defender ATP "down-level support" for Windows 7 and 8.1.
    Lucknow University declares Valentine's Day a holiday; couples rejoice!

    Lucknow University declares Valentine's Day a holiday; couples rejoice!

    A student said, "You've declared a holiday on that day, but telling students to not enter university premises isn't right at all. This order is meant to prevent outsiders from entering the university and polluting the atmosphere here", Singh said.
    Gas Prices Drop in the Midlands

    Gas Prices Drop in the Midlands

    Gas prices throughout Florida rose 7 cents early last week but then declined a penny each of the past three days, AAA said. In Rockford, prices are about even from this time last month, while almost 40¢ higher than last February.

Barnaby Joyce denies boozy awards night allegations; apologises to family Barnaby Joyce denies boozy awards night allegations; apologises to family The Minister made a statement outside Parliament House on Tuesday, where he issued a public apology to his family. Joyce said that his 24-year marriage with his wife Natalie was "under pressure for some time".

Judge Upholds Warrant for Julian Assange's Arrest Judge Upholds Warrant for Julian Assange's Arrest Assange's supporters regard him as a champion of freedom of speech who has exposed inconvenient truths at great personal cost. The court was tasked with ruling on a legal bid to dismiss any further action against Assange on the charge.

Kluivert names four potential Premier League clubs Kluivert names four potential Premier League clubs And asked whether he would ever move to Premier League, Kluivert, 18, told Helden: " If you get a nice offer, you never know ". However the Toon Army was not among the clubs Kluivert Jr.name-checked when discussing his future.

Foreign aid helps create U.S. jobs, makes Americans more secure: Bill Gates Foreign aid helps create U.S.  jobs, makes Americans more secure: Bill Gates Answering the question, Melinda Gates laid the answer out simply: "because they can do things no one else can". It's not fair that we have so much wealth when billions of others have so little.

With 177 cr asset,Chandrababu richest CM, Manik Sarkar poorest With 177 cr asset,Chandrababu richest CM, Manik Sarkar poorest While the ADR analysis shows that 25 out of the total 31 CMs are crorepatis , the average asset per CM is just over Rs 16 crore. The top spot in this list goes to Maharashtra CM Devendra Fadnavis with a total of 22 criminal cases registered against him.

Iran To Discuss Farzad-B Gas Field, Chabahar During Rouhani's Visit Iran To Discuss Farzad-B Gas Field, Chabahar During Rouhani's Visit He will pay tributes to the mausoleums of rulers of the Qutub Shahi dynasty (1518-1687), who were Shias. The statement insisted that the crackdown on the freedom to inform also targets the worldwide media.

Iceland Could Use More Energy Mining Bitcoin Than Powering Homes in 2018 Iceland Could Use More Energy Mining Bitcoin Than Powering Homes in 2018 According to Sigurbergsson's estimations , Bitcoin mining in the country uses more power than all of Iceland's homes, combined. Mining bitcoin - the process of confirming transactions across the blockchain - is an incredibly energy-consuming process.

Potter stuns top PGA names to land Pebble Beach victory Potter stuns top PGA names to land Pebble Beach victory When he bogeyed the opening hole Sunday you could sense the experts nodding to themselves... there he goes out of the mix. That changed when he tapped in for par on the 18th hole, and he choked back emotion of a week he won't soon forget.

Secretary Tillerson Meets with Middle East Allies, Promotes Peace Plan Secretary Tillerson Meets with Middle East Allies, Promotes Peace Plan The Kurdish People's Protection Units in Syria is considered by Washington to be a top ally in the fight against ISIS. Both Tillerson and al-Safadi acknowledged the disagreements but said the end goal of both countries remains the same.

Frank Reich wants Indianapolis Colts to be 'toughest' Frank Reich wants Indianapolis Colts to be 'toughest' The thing is that most people don't know about Frank Reich because Doug Pederson is the one calling the plays... "I embrace it. Reich brings a creative offensive mind to a team that has lacked creativity and innovation in recent seasons.

Russian Curlers Win Historic Mixed Doubles Bronze at Pyeongchang Olympics Russian Curlers Win Historic Mixed Doubles Bronze at Pyeongchang Olympics The most dramatic moment came when Russia's Anastasia Bryzgalova stumbled over a rock and fell hard onto the ice. Russian athletes competing in PyeongChang as Olympic Athletes from Russia (OAR) now have a total of three medals.

Budget amendment would allow early voting in NY Budget amendment would allow early voting in NY Modest fixes are possible this year, but ideas such as replacing the state income tax with a payroll tax need lots of study. NY is one of 13 states that doesn't have some form of early voting and requires and excuse to obtain an absentee ballot.

Police warn of 'Romance scams' just in time for Valentine's Day Police warn of 'Romance scams' just in time for Valentine's Day Many are seeking love on Valentine's Day, but if you're not careful you may end up finding yourself caught up in a romance scam . A Better Business Bureau study found that one million Americans were victimized in romance fraud scams over the past three years.

Play Less Football, Argentina Tells Messi Play Less Football, Argentina Tells Messi With only three months to go for the prestigious quadrennial event, Argentina seem to be concerned about Messi's workload at Barcelona .

Valentine's Day gift: Salman Khan shares first poster of Loveratri Valentine's Day gift: Salman Khan shares first poster of Loveratri A week back, Salman Khan fans went in to frenzy when the most sought after bachelor of Bollywood posted 'Mujhe Ladki Mil Gayi' . The film is a fictional story of two lovebirds on the backdrop of Gujarat who fall in love during the Navratri celebrations.