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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.
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 ...
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.
Investors in Starbucks (NASDAQ: SBUX) and Chipotle (NYSE: CMG) were met with a bit of a shock recently when it was announced that Chipotle CEO Brian Niccol would be leaving the company and taking ...
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 ...
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 ...
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.
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 ...