The incoming CEO of Chipotle Mexican Grill (NYSE:CMG), Brian Niccol, will put the restaurant chain back on track after a two year food-safety lapse, Jon Taffer, the host of Spike TVâ€™s â€œBar Rescue,â€ told FOX Business.
Niccol, who previously ran Taco Bell, will take the reins of Chipotle on March 5. He will replace co-founder and executive chairman Steve Ells, who stepped down as CEO last year after food safety scares forced some of Chipotleâ€™s restaurants to shut down temporarily.
â€œHe has been a master communicator with Taco Bell on social media, and he is very smart in branding and communication,â€ Taffer said in a FOX Business interview with Stuart Varney on â€œVarney & Co.â€
Taffer predicted that Niccols will incorporate new menu items including breakfast, restore confidence in the brand and attract more customers. He can also help Chipotle reorganize the corporate structure, according to Taffer. â€œI think heâ€™s going to turn it around,â€ said Taffer, which he helps struggling bar owners do on â€œBar Rescue.â€ Chipotle stock is down 60% since its high in 2015.