Investor relations for Chipotle Mexican Grill Inc. said on Thursday that the company would meet with the board of the San Diego-based fast-casual restaurant chain on Friday and that its board of trustees will hold a meeting with the company’s executive team in New York later in the week.
Chipotle CEO Steve Ells said in a statement that he will meet with Chipotle’s board on Friday.
“We look forward to our shared dialogue,” he said.
The statement comes after a week in which the company has been beset by controversy, including allegations that the chain was operating a secret lab to develop a new ingredient to increase sales.
Chipotle was one of several companies to face accusations that they were using the technology, called CRISPR-Cas9, to make meat healthier and easier to prepare.
Investors have raised questions about Chipotle in recent months, including questions about whether the chain has a clear strategy to change its food and how much of a role the food company has in its success.
The company also has faced scrutiny over a controversial expansion into the UK, with reports that the restaurant chain has plans to open in London by 2020.
Chipotle said in the statement that it has “a strong business-to-business relationship with the Board of Directors of Chipotle, and we look forward for a constructive and productive meeting with our board.”
The board will meet on Friday morning and will also discuss the board’s strategy for the company.
Ells told the Wall Street Journal in August that the technology for CRISPA-Cas8 would be used to improve the food in Chipotle and the company will be able to do so in the near future.
“It’s going to be interesting to see how quickly we can implement the CRISP-Cas 8 technology, but we’re on a trajectory to do that,” Ells told reporters in August.
Chipotle opened in San Francisco in 2010 and has been hailed as one of the fastest-growing restaurant chains in the world.