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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 ...
Narasimhan joined Starbucks in March 2023 after founder Howard Schultz stepped down as interim CEO for the third time. In 2023, Narasimhan’s total pay package was valued at $14.6 million.
Laxman Narasimhan, who took over as Starbucks CEO in March 2023, is exiting the company. People stand outside a Starbucks in Los Angeles, on July 12, 2022. -
Starbucks employees will be required to work in person three days a week starting next year, or risk termination. But the new CEO has permission to remain based in Southern California rather than ...
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.
Starbucks announced it will eliminate about 7% of corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. Starbucks to lay off 1,100 employees this week as CEO aims to deliver ...
A week ago, Starbucks' new CEO, Brian Niccol, was described as the “messiah” that the ailing coffee giant was looking for. The mere announcement that the former CEO of Chipotle had a new job ...
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 ...