Chipotle Mexican Grill plans to relocate its headquarters from Denver, Colorado, to Newport Beach, California.

According to company officials, functions within the current Denver office will either be consolidated in Chipotle's existing office in Columbus, Ohio or moved to the new headquarters in Newport Beach.

"We have a tremendous opportunity at Chipotle to shape the future of our organization and drive growth through our new strategy," said Brian Niccol, CEO at Chipotle. "In order to align the structure around our strategic priorities, we are transforming our culture and building world-class teams to revitalize the brand and enable our long-term success," Niccol added. "We'll always be proud of our Denver roots where we opened our first restaurant 25 years ago. The consolidation of offices and the move to California will help us drive sustainable growth while continuing to position us well in the competition for top talent.”

Over the next six months, Chipotle will transition its Denver and New York office functions to Newport Beach and Columbus. Following this transition, Chipotle will close its Denver and New York City offices.

Newport Beach will serve as the headquarters for the company's operations, business development, marketing, communications, finance, supply chain, food safety, technology, HR and other corporate functions. The support functions will be located in the Shared Services Center in Columbus. This move will affect approximately 400 employees in Denver and New York in the last quarter of the year, with some being offered relocation and retention packages. The 70,000 field operations and restaurant employees are not part of this reorganization.

Chipotle said “by consolidating shared services into the existing Columbus office, Chipotle will grow its workforce there from 100 to over 250 employees. Consolidating in Columbus provides access to high-quality talent and offers cost advantages to support Chipotle's standardized business operations.”

Chipotle CFO Jack Hartung said, "The standardization and consolidation of systems and processes into one location will greatly benefit our company and our shareholders. Through technology and the consolidation of talent, we'll create a world class Shared Services Center with increased productivity and quality services supporting our employees and our restaurants."