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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 ...
Seattle-based coffee giant Starbucks announced Tuesday that Laxma Narasimhan has stepped down as chief executive officer, and has been replaced with the chairman and CEO of Chipotle, Brian Niccol.
Starbucks CFO Rachel Ruggeri will step in as interim chief executive until Sept. 9, when Niccol officially takes over the top job. Chipotle COO Scott Boatwright will serve as interim CEO of the ...
Starbucks shares soared more than 20% on Tuesday after the coffee chain said it is ousting its current CEO, Laxman Narasimhan, and will replace him with Chipotle chief executive Brian Niccol.
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 ...
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
Laxman Narasimhan (born 15 May 1967) [1] is an Indian-born American business executive and former chief executive officer (CEO) of Starbucks and Reckitt. He was previously chief commercial officer (CCO) of PepsiCo. He joined Starbucks as interim CEO in October 2022, and succeeded Howard Schultz as CEO in April 2023.
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 ...