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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.
Howard D. Schultz (born July 19, 1953) [2] is an American businessman and author who was the chairman and chief executive officer of Starbucks from 1986 to 2000, from 2008 to 2017, and interim CEO from 2022 to 2023.
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. -
Laxman Narasimhan is officially CEO of Starbucks. In a letter to employees, he said his focus is on "long-term sustainable growth" for the coffee chain.
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 ...
Conversely, its franchise has commanded substantial brand loyalty, market share, and company value. ... Howard Schultz was the CEO of Starbucks from 1986 to 2000.
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