Chipotle Designates Its First CIO
Chipotle Mexican Grill, the restaurant chain whose success is mentioned in practically every business story on competitor McDonald’s falters, has decided to hire its first CIO. In late November Curt Garner comes on board from the same position at Starbucks, where he has spent nearly two decades in various posts. Garner also spent time previously at burger-slinger Wendy’s. The hire comes as Chipotle continues to try to distinguish itself and its style of service from its fast-food rivals.
Greif Announces CEO Resignation and Replacement
Industrial packager Greif, whose stock price and profit have stumbled in recent months as well as years, gave notice that at the end of the month its CEO, David Fischer, would be stepping down after four years on the job. Coming into his position is current COO Pete Watson, who has held that post for less than two years but been with the company since 1999. The short notice of Fischer’s resignation gives credence to reports that it wasn’t his decision to make.
Wal-Mart CFO Leaves at Year’s End
After five years as its top man in finance, Wal-Mart’s Charles Holley announced plans to retire at the end of the year. The retail behemoth has already divulged his replacement as EVP and CFO. Brett Biggs, presently holding the same title at subsidiary Wal-Mart International, steps into Holley’s shoes as 2016 begins. In his 15 years with the company, he’s also been in top financial positions at Wal-Mart U.S. and Sam’s Stores.