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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 ...
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 ...
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 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 ...
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 ...
Niccol said, "Arthur agrees that integrating the customer solutions team with the stores team is the right approach." Valdez joined Starbucks two years ago after a long stint at Target ( TGT ).
For Elliott, which was founded in 1977 by Co-CEO Paul Singer and manages about $70 billion in assets, its Starbucks coup is only the latest in a series of victories for a fund that is famous for ...