KEY POINTS
  • Kimbal Musk is stepping down from Chipotle's board of directors, the company announced Thursday.
  • Chipotle also announced Patricia Fili-Krushel and Scott Maw will be added to the board of directors.
Kimbal Musk speaks on stage at the WSJ The Future of Everything Festival at Spring Studios on May 9, 2018 in New York City.

Kimbal Musk is stepping down from Chipotle's board of directors, the company announced Thursday. Musk notified the board of directors that he will not stand for re-election at the 2019 annual shareholder meeting in May.

"Kimbal has served on the Chipotle Board of Directors since 2013, and we extend our most sincere gratitude and heartfelt appreciation for the tremendous contributions he has made to our success," said Brian Niccol, chief executive officer of Chipotle. "We value his time, leadership and experience and wish him all the very best."