Chipotle Mexican Grill has announced that it will be moving its headquarter location from Denver after nearly 25 years, according to a report by The Denver Post. The company will relocate to Southern California, which is also where its new CEO that started in February lives.
Newport Beach will be the headquarter location for the fast-casual restaurant chain. This is also close to other food chains’ home bases such as Taco Bell, Del Taco, and In-N-Out Burger.
Over the next six months, Chipotle will move its corporate staff including finance and HR to California and Ohio. The company will not offer relocation or retention packages to all of its 375 corporate employees that currently work in Denver. The company said its restaurant employees and field operations workers are not impacted by the move to Newport Beach.
“The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent,” said Brian Niccol, Chipotle CEO.
Chipotle also said that its Denver and New York offices will be consolidated into its Columbus, Ohio office or move to the new location in Newport Beach. Chipotle operates more than 2300 location around the world.