Chipotleís CEO made $38M in 2020
The fast casualís stock has risen more than 350% since Brian Niccol took over in 2018.
By Heather Lalley, Restaurant Business
Apr. 05, 2021
2020 was a very lucrative year for Chipotle Mexican Grill CEO Brian Niccol.
Niccol, who joined the chain in 2018, received $38 million in total compensation during a pandemic year in which the fast casualís stock has surged more than 58% over its pre-pandemic peak, according to federal financial filing released Monday.
Itís the most Niccol has been paid since he was hired by Chipotle.
Niccol was to have received just $14 million in pay in 2020, but the company waived financial targets set in 2018 because of the pandemic. Chipotle argued that the company outperformed many of its peers over the past year.
Niccolís pay was made up of long-term incentives (69%), annual bonus (22%) and base salary (9%).