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On August 13, 2024, Niccol was named the incoming chairman and chief executive officer of Starbucks. [34] [35] [36] Niccol replaced Mellody Hobson as the chairman and Laxman Narasimhan as the CEO. [2] On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol received a starting salary of $1.6 million and a $10 million ...
Luckily for Starbucks, Niccol, a 30-year retail food veteran, is used to taking over fixer-uppers. The mash-up master Mexican-style fast food was a comfort zone for Niccol, who held the CEO role ...
In the past year, Starbucks stock has gained 5%, far lagging the S&P 500's 24% rise. But the shares have risen 32% in the past six months after Niccol was announced as the new CEO in August.
Starbucks to bring back ceramic mugs and messages written in Sharpie pens to revive a coffeehouse vibe at its nearly 40,000 stores. Here's how Starbucks' new CEO plans to overhaul its struggling cafes
The Seattle coffee giant said Brian Niccol, the chairman and CEO of Chipotle, will become Starbucks' chairman and CEO on Sept. 9. Starbucks shares jumped more than 13% before the market opened. Narasimhan, a longtime PepsiCo executive who has also served as the CEO of Reckitt, a U.K.-based consumer health company, became Starbucks' CEO in March ...
The new CEO's approached provided "a clear and detailed vision for the future, and aspirational, like the Starbucks brand when at its best," Morgan Stanley wrote in a note, according to Investing ...
Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday. Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over
Starbucks investors are on a caffeine high.News that Chipotle's Brian Niccol, 50, will replace Laxman Narasimhan as CEO sent the shares soaring 23% on Tuesday.Niccol will take the helm on Sept. 9 ...