Chipotle Mexican Grill Inc. said Wednesday that its chief marketing officer, Mark Crumpacker, will resign, effective Thursday. Crumpacker will receive cash severance totaling 26 weeks of his base salary and 12 months to exercise vested stock-only stock appreciation rights. Chipotle shares are down 1.8% in Wednesday trading, and down 20.4% for the past year. The S&P 500 index is up 16.6% for the last 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News