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In 1987, the original owners sold the Starbucks chain to their former director of marketing Howard Schultz, who rebranded his Il Giornale coffee outlets as Starbucks and began to expand the company. [ 19 ] [ 20 ] Also in 1987, Starbucks opened its first locations outside of Seattle, in Waterfront Station in Vancouver , British Columbia, and in ...
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.
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 ...
Niccol will be the third CEO named by the company in less than three years, taking over from Laxman Narasimhan, who has been in the job for 17 months. . The board clearly felt it had to act fast.
SEATTLE, WASHINGTON - SEPTEMBER 13, 2022: CEO of Starbucks Howard Schultz back stage with soon to be Starbucks CEO Laxman Narasimhan at Starbucks Headquarters during Investor Day in Seattle ...
Starbucks' stock closed more than 24% higher%, while Chipotle shares fell more than 7%. The coffee giant has struggled this year, hurt by weak sales in the U.S. and China.
Kevin R. Johnson (born October 9, 1960) is an American businessman and software engineer who was the president and chief executive officer (CEO) of Starbucks Coffee Company from 2017 to 2022. Succeeding Howard Schultz as CEO, Johnson previously was the company's president and chief operating officer from 2015 to 2017. On March 16, 2022, Johnson ...
Laxman Narasimhan, CEO of Starbucks since last October, took an unusual crash course. Working with his predecessor Howard Schultz and board chair Mellody Hobson, he designed a six-month ...