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Chipotle chooses Taco Bell CEO as new leader, stock soars 12%

“CMG, -1.23% named Taco Bell Chief Executive Brian Niccol as its new CEO on Tuesday, and shares jumped more than 10%” writes Jeremy C for Niccol had worked for Yum Brands Inc.’s YUM, +0.08% Taco Bell since 2011, and was an executive at Pizza Hut Inc. before that.Chipotle chose Niccol to replace founder Steve Ells, who said in November that he would step down from the CEO role and become executive chairman.

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