60.9 F
Laguna Hills
Thursday, Jun 12, 2025
-Advertisement-

Tesla Names Chipotle’s Hartung to Board of Directors

To take position June 1 after leaving burrito chain

Jack Hartung, who’s been a key executive at Newport Beach-based Chipotle Mexican Grill during its rise to national prominence, has been named to the board of directors of Tesla Inc., the world’s biggest maker of electric vehicles.

He’ll start his role on June 1, including on Tesla’s auditing committee. Tesla will have nine members, including Elon Musk, the world’s richest person.

The Tesla filing noted that Hartung’s son-in-law, who was unidentified, works as a salaried technician at Tesla, earning $124,000 a year.

Hartung was chief financial officer from 2002 to 2024 at the Mexican fast food chain and is retiring as its president on June 1. During his tenure, the stock rose 50-fold.

Hartung in 2020 was named Outstanding CFO of a Public Company by the Orange County Business Journal.

Today, the shares were little changed at $52.32 and a $70 billion market cap (NYSE: CMG).

Shares of Tesla today rose 2.1% to $349.98 and a $1.1 trillion market cap (Nasdaq: TSLA).

 

 

 

 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-