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Chipotle founder Steve Ells will step down as CEO. Photo: Stephen Brashear / AP

Chipotle announced Wednesday that Steve Ells, who founded the burrito chain in 1993, will step down as CEO once they find a new leader to replace him, per CNBC. Ells will become executive chairman once the transition is complete.

Why it matters: The shakeup comes amid Chipotle's continued struggle to bounce back from repeated food-safety issues, from an E. coli crisis in 2015 to a norovirus outbreak earlier this year. The restaurant chain has tried several times restore its reputation, with new advertising campaigns and the introduction of queso to its menu. Now they're hoping a new leader can pull the chain out of its 2-year slump.

Go deeper

2 hours ago - Podcasts

Former Georgia Gov. Roy Barnes on the Senate runoffs

The future of U.S. politics, and all that flows from it, is in the hands of Georgia voters when they vote in two Senate runoffs on January 5.

Axios Re:Cap digs into the election dynamics with former Georgia Gov. Roy Barnes, a Democrat who served between 1999 and 2003.

2 hours ago - Health

Cuomo orders emergency hospital protocols as COVID capacity dwindles

Gov. Andrew Cuomo. Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

New York Gov. Andrew Cuomo said on Monday that struggling state hospital systems must transfer patients to sites that are not nearing capacity, as rising coronavirus cases and hospitalizations strain medical resources.

Why it matters: New York does not expect to get the same kind of help from thousands of out-of-state doctors and nurses that it got this spring, Cuomo acknowledged, as most of the country battles skyrocketing COVID hospitalizations and infections.

Arizona certifies Biden's win

Photo: Demetrius Freeman/The Washington Post via Getty Images

Arizona officials certified the state's presidential election results on Monday, paving the way for President-elect Joe Biden to be awarded its 11 electoral votes.

Why it matters: The move deals yet another blow to President Trump's efforts to block or delay certification in key swing states that he lost. Biden beat the president in Arizona by more than 10,000 votes.

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