{"id":11724,"date":"2024-08-14T15:58:12","date_gmt":"2024-08-14T10:28:12","guid":{"rendered":"https:\/\/indiaepost.com\/?p=11724"},"modified":"2024-08-14T15:58:14","modified_gmt":"2024-08-14T10:28:14","slug":"brian-niccol-to-serve-as-new-starbucks-ceo","status":"publish","type":"post","link":"https:\/\/indiaepost.com\/index.php\/2024\/08\/14\/brian-niccol-to-serve-as-new-starbucks-ceo\/","title":{"rendered":"Brian Niccol to serve as new Starbucks CEO"},"content":{"rendered":"\n

Starbucks has said that Brian Niccol, chief executive at Chipotle, would be the coffee chain’s new CEO — just over a year after current boss Laxman Narasimhan took over the role.<\/p>\n\n\n\n

Narasimhan steps down as chief executive and as a member of the Starbucks board “with immediate effect,” said the company on Tuesday in a statement.<\/p>\n\n\n\n

The leadership shifts come as Starbucks pushes to turn around its business, while contending with broad-based sales declines in its most recent financial results.<\/p>\n\n\n\n

Starbucks has cited weakening consumer sentiment and difficult market conditions in China as factors in its troubles.<\/p>\n\n\n\n

“Brian is a culture carrier who brings a wealth of experience and a proven track record of driving innovation and growth,” said Starbucks board chair Mellody Hobson in a statement as the comapny announced the leadership changes.<\/p>\n\n\n\n

Niccol has served as Chipotle’s CEO since 2018.<\/p>\n\n\n\n

In naming him Starbucks’ new CEO, the company noted that his work at Chipotle had “driven significant growth and value creation,” citing revenue that has nearly doubled and rising profit.<\/p>\n\n\n\n

Narasimhan, a veteran of PepsiCo and other consumer brands, had taken over the top spot in 2023 after a period working with longtime Starbucks CEO and interim boss Howard Schultz.<\/p>\n\n\n\n

The statement noted that Narasimhan, during his tenure, drove innovation in the brand’s supply chains and boosted its store operations.<\/p>\n\n\n\n

Niccol will start in his new role on September 9, with Starbucks chief financial officer Rachel Ruggeri serving as interim CEO until then. AGENCIES<\/p>\n","protected":false},"excerpt":{"rendered":"

Starbucks has said that Brian Niccol, chief executive at Chipotle, would be the coffee chain’s new CEO — just over a year after current boss Laxman Narasimhan took over the role. Narasimhan steps down as chief executive and as a member of the Starbucks board “with immediate effect,” said the company on Tuesday in a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[87],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nBrian Niccol to serve as new Starbucks CEO - indiaepost<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiaepost.com\/index.php\/2024\/08\/14\/brian-niccol-to-serve-as-new-starbucks-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brian Niccol to serve as new Starbucks CEO - indiaepost\" \/>\n<meta property=\"og:description\" content=\"Starbucks has said that Brian Niccol, chief executive at Chipotle, would be the coffee chain’s new CEO — just over a year after current boss Laxman Narasimhan took over the role. 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