Chipotle ( CMG) is reportedly searching for a new CEO as Steve Ells prepares to step down. Ells will serve as executive chairman of the company when a replacement is found. 
 
When TheStreets' Ron Orol sat down with embattled activist investor Bill Ackman earlier this month, Ackman expressed his support for Ells. 
 
Ackman says he still thinks Chipotle ( CMG) CEO Steve Ells is an "outstanding visionary," even with the struggles faced by the chain. "I think he's an outstanding visionary CEO who's has done a great job building the concept, the brand," Ackman said in an interview with the TheStreet.  Chipotle is still trying to repair its image following a string of bad news in recent months, including rodent sightings at one location and sick customers at another.

Editors' pick: Originally published Nov. 2.

 

 

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