Chipotle and its all-white board targeted by activist investor group | 9news.com

An activist investor group is targeting Chipotle Mexican Grill Inc, saying its board “exhibits a shocking dearth of racial and gender diversity.”CtW Investment Group, which holds 55,000 of the Denver restaurant chain’s outstanding 29.6 million outstanding shares, said in a letter Wednesday that Chipotle (NYSE: CMG) needs “genuinely independent oversight now more than ever. “CtW’s letter asks shareholders vote against board members Patrick Flynn and Darlene Friedman at Chipotle’s annual meeting of shareholders on May 11 in Denver, saying new board members are needed, and they should come from outside the Denver area.

Source: Chipotle and its all-white board targeted by activist investor group | 9news.com

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