Chipotle 2008 Annual Report Download - page 82

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EXECUTIVE OFFICERS AND COMPENSATION
EXECUTIVE OFFICERS
In addition to Steve Ells, our Chairman of the Board and Co-Chief Executive Officer, and Monty Moran,
our Co-Chief Executive Officer, each of whose biographies are included under the heading “Information
Regarding the Board of Directors,” our executive officers are as follows:
John R. (Jack) Hartung, 51, is Chief Financial Officer. In addition to having responsibility for all of our
financial and reporting functions, Mr. Hartung also oversees IT, training, and safety, security and risk.
Mr. Hartung joined Chipotle in 2002 after spending 18 years at McDonald’s where he held a variety of
management positions, most recently as Vice President and Chief Financial Officer of its Partner Brands Group.
Mr. Hartung has a Bachelor of Science degree in accounting and economics as well as an MBA from Illinois
State University.
Rex A. Jones, 52, is Chief Development Officer, overseeing our real estate, design, construction, and
facilities functions. Mr. Jones joined Chipotle in 1998 as director of real estate, and in 2005 he was promoted to
executive director of development. Prior to coming to Chipotle, he worked at Blockbuster Corp. as vice president
for Asia Pacific development. He also spent more than 13 years with McDonald’s in a variety of senior level real
estate and development positions in the United States and Asia. Mr. Jones has a Bachelor of Science degree in
business administration from Kansas State University.
Robert (Bob) N. Blessing Jr., 65, is Restaurant Support Officer, providing field support for our marketing
and purchasing as well as overseeing our five regional directors and our corporate purchasing function.
Mr. Blessing came to Chipotle in 1999 as a regional director, and opened our first restaurant in the Northeast
region. His role expanded thereafter to include responsibility for additional markets, and from 2005 to 2008 he
led our entire Northeast and Central regions. Before coming to Chipotle, he served in executive leadership roles
at a number of food service and restaurant companies, including Vie de France Retail and Restaurant Bakery,
Franchise Management Corporation (an Arby’s franchisee), and Thompson Hospitality (a contract food service
company). Mr. Blessing has Bachelors and Masters degrees in business administration/economics from the
University of Cincinnati.
Mark Crumpacker, 46, was appointed Chief Marketing Officer effective January 5, 2009. From December
2002 until December 2008 Mr. Crumpacker was Creative Director for Sequence, LLC, a strategic design and
marketing consulting firm he co-founded in 2002, and prior to that served as creative director and in other
leadership roles for a variety of design and media companies. Mr. Crumpacker attended the University of
Colorado and received his B.F.A. from the Art College of Design in Pasadena, California.
COMPENSATION DISCUSSION AND ANALYSIS
This Compensation Discussion and Analysis describes the objectives and principles underlying our
executive compensation programs, outlines the material elements of the compensation of our executive officers
and explains the manner in which the Compensation Committee determines the actual compensation of our
executive officers. In addition, this Compensation Discussion and Analysis is intended to put into perspective the
tables and related narratives which follow it regarding the compensation of our executive officers.
Compensation Philosophy and Objectives
Our philosophy with regard to the compensation of our employees, including our executive officers, is to
reinforce the importance of performance and accountability at the corporate, regional and individual levels. We
strive to provide our employees with meaningful rewards while maintaining alignment with shareholder interests,
corporate values, and important management initiatives. In setting and overseeing the compensation of our
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Proxy Statement