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• Chipotle Mexican Grill, having navigated a series of food safety crises over the past year, announced yesterday that it is losing one of its co-CEO - Montgomery F. Moran, who has long overseen the company's operations, will step down early next year.

"“We all agreed that one C.E.O. will serve the company better,” Steve Ells, Chipotle’s founder and other co-chief executive, said in a telephone interview with the New York Times. “The board decided that one C.E.O. would be me, and I’m looking forward to a continued friendship with Monty.”

Moran did not comment on the change.
KC's View:
Nor, for that matter, on the state of the friendship.