Chipotle ( CMG) is reportedly searching for a new CEO as Steve Ells prepares to step down. Ells will serve as executive chairman of the company when a replacement is found.
When TheStreets' Ron Orol sat down with embattled activist investor Bill Ackman earlier this month, Ackman expressed his support for Ells.
Ackman says he still thinks Chipotle ( CMG) CEO Steve Ells is an "outstanding visionary," even with the struggles faced by the chain. "I think he's an outstanding visionary CEO who's has done a great job building the concept, the brand," Ackman said in an interview with the TheStreet. Chipotle is still trying to repair its image following a string of bad news in recent months, including rodent sightings at one location and sick customers at another.
Watch More with TheStreet:
- Jim Cramer on What to Watch in PVH's Earnings
- Billionaire Investor Sam Zell Talks Trump, Real Estate, Immigration and Tribune
- The Trump Name is Disappearing From the Company's Landmark Buildings
- 3 Ways the CFPD Has Worked to Protect Your Wallet
Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
Editors' pick: Originally published Nov. 2.
