Ceo of starbucks The longtime Starbucks leader built the brand into a coffee empire before stepping Aug 13, 2024 · SEATTLE, August 13, 2024--Starbucks (NASDAQ: SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Mar 5, 2025 · Starbucks is in a slump after a year of declining sales, boycotts and executive turnover. 2025, led by CEO Brian Niccol. Chipotle’s COO Scott Boatwright will serve as interim CEO of Outgoing Starbucks CEO Laxman Narasimhan‘s resignation has fueled widespread interest and speculation. View Brian Niccol Mar 16, 2022 · Starbucks president and chief executive officer, Kevin Johnson, retiring after 13 years of service Search for ceo successor underway, led by Starbucks Board of Directors Howard Schultz to return as interim ceo until new leader joins Starbucks Corporation (NASDAQ: SBUX) announced that Kevin Johnson, president and chief executive officer, intends to retire after a 13-year tenure at the company A week ago, Starbucks' new CEO, Brian Niccol, was described as the “messiah” that the ailing coffee giant was looking for. The retail landscape was changing, and Starbucks needed new blood. Jan 24, 2025 · Starbucks' new CEO, Brian Niccol, made nearly $100 million in his first four months running the company. When Roz Brewer joined the Starbucks board of directors in February 2017, she brought decades of management experience with her – and a record of shattering glass ceilings. And Group CEO Sydney Quays says the risk has definitely paid off – Starbucks Malaysia is growing by another six to seven stores each month. Conway has been a Starbucks partner since 2013, is widely respected, and is most currently serving as group president, International and Channel Development. Starbucks announced Thursday that former PepsiCo executive Laxman Narasimhan will succeed Howard Schultz as its CEO, as the company wrangles with issues from a massive unionization push Jan 27, 2025 · Starbucks CEO, Brian Niccol, has received one of the highest compensation packages in the US, Bloomberg reported. The men were waiting to meet a business associate, but they didn’t purchase anything while they were waiting. Before Starbucks, Brewer was CEO of Sam's Club which she 8 hours ago · usatoday. Sep 18, 2023 · Starbucks Coffee Company today announced the promotion of Molly Liu to executive vice president and co-chief executive officer of Starbucks China, effective October 2, 2023. As the Aug 18, 2024 · After the news of the new CEO broke, Starbucks’s shares jumped 24 percent, marking the company’s best day since its IPO in 1992. of Starbucks, the company announced on Tuesday, a year and a half since he succeeded Howard Schultz at Feb 24, 2025 · Starbucks will lay off 1,100 corporate employees as Brian Niccol, the new CEO of the Seattle-based coffee chain, plans to streamline operations. Merging the two entities, he became the CEO and Chairman of the Starbucks Coffee Company and embarked on expanding the Starbucks chain across the United States. 49%) in September, he wasted no time in identifying one key problem: Getting coffee. In every role, she’s demonstrated the best of Starbucks with a relentless focus on team, mission and impact. He has a potential $113 million compensation package, plus the Jan 29, 2025 · Starbucks is following through on its commitment to get back to its roots, announcing plans to simplify the menu and reintroduce a condiment bar as part of the CEO's turnaround strategy. Who is Brian Niccol? Niccol has been the CEO at Chipotle since March 2018 and took on the additional role of chairman from March 2020. Mar 20, 2023 · SEATTLE – Starbucks (NASDAQ: SBUX) announced, effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors. Aug 13, 2024 · Brian Niccol, the new CEO of Starbucks. After the news of the new CEO broke, Starbucks's shares jumped 24 percent, marking the company's best day since its IPO in 1992. 100 Best Companies; Fortune 500; Global 500; Fortune 500 Europe; Most Powerful Women; Future 50; World’s Most Dec 5, 2024 · Nicolas Economou/NurPhoto via Getty. Behind what appears so far to be a Starbucks’ “mosh pit” problem at the barista counter has been a priority for new CEO Brian Niccol to fix quickly. The struggling coffee chain has tapped Chipotle CEO and corporate fix-it man Brian Kevin R. They hired former Chipotle CEO Brian Niccol to turn the tide. Oct 22, 2024 · Sharing a video from Starbucks chairman and CEO, Brian Niccol, following the company’s release of preliminary financial results for its fiscal fourth quarter and full fiscal year ending September 29, 2024. Jan 28, 2025 · Starbucks is brewing up Taco Bell vibes under CEO Brian Niccol. m. The changes come as the brand implements its “Back to Starbucks” strategy which includes a stronger focus on coffee quality, customer experience and community with initiatives like simplified menus, faster service and improved store experience. Smith, who led the company since 2000, and was succeeded by the coffeehouse's second president, Howard Schultz. Who is Brian Niccol? Niccol has been CEO of Chipotle since 2018 and chairman of the company's board of directors since 2020. He has a background in marketing and brand management, and a degree from Miami University and University of Chicago. Select a City. Starbucks investors heard more details about CEO Brian Niccol's plan to bring back customers to U. Narasimhan was named incoming ceo on September 1, 2022 , succeeding company founder and now former ceo, Howard Schultz. Brian Niccol, the new leader of the company, urged his employees to be more accountable and take ownership of decisions amid mass layoffs. [2] Sep 1, 2022 · Starbucks (NASDAQ: SBUX) announced, effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors. A 29% increase in the stock. Liu served as Starbucks China's chief operating officer from 2021 until being promoted to executive vice president and co-chief executive officer last October. With a work ethic inspired by her parents, Roz began her career as a scientist at Kimberly-Clark Corporation, rising through the ranks over 22 years. Enough about the numbers. Oct 31, 2024 · Starbucks’ new CEO just delivered what employees and investors have been craving after years of drama and missteps. Starbucks (NASDAQ: SBUX) today announced that Laxman Narasimhan will become the company’s next chief executive officer and a member of the Starbucks Board of Directors. 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. Narasimhan succeeded Howard Schultz, the longtime Starbucks leader and chairman emeritus, in March 2023. 3 days ago · Starbucks CEO Brian Niccol said he is "confident" the changes will improve customer experience Credit: AP:Associated Press. Feb 14, 2025 · Starbucks CEO Talks Middle East Expansion, Gaza Boycotts, China Plans and Trump Tariffs. Related: Starbucks’ New CEO Has to Contend With Crisis and Howard Schultz. He was preceded by Orin C. Laxman Narasimhan has assumed the role of Starbucks chief executive officer and will join the company’s Jan 21, 2025 · In August of last year, Starbucks stunned the restaurant universe by hiring Brian Niccol as its chairman and CEO. This just in: Laxman Narasimhan is out as the C. However, the expansion of mobile Jan 29, 2025 · Starbucks held their First Quarter Fiscal Year 2025 conference call on Jan 29. Photo: Alexandra Larkin In his first address Nov 2, 2023 · 5. The Starbucks CEO revolving door keeps spinning as the company struggles with sinking sales. Starbucks (NASDAQ: SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Howard Schultz, who led the company for two decades, will return as interim CEO. 9. Before her current role leading North America, Sara held leadership roles across the company and around the world. Starbucks CEO Brian Niccol. Brian Niccol is the chairman and CEO of Starbucks since 2024, after leading Chipotle and Taco Bell. Th e company rapidly ascended from its founding in 1971 to international recognition. com Jan 13, 2025 · Howard Schultz (born July 19, 1953, Brooklyn, New York, U. Starbucks shares rose 0. ” From 1987-2018, Howard served as ceo and executive chairman of Starbucks board of directors, one of America’s most diverse corporate boards. 13, 2024, is shown during an interview on June 9, 2015, in New York. The unexpected leadership change has left many curious about the reasons behind the transition. Howard D. In 2011, Fortune named Howard ceo of the year and, in 2019, Fortune ranked Starbucks fifth on its list of “World’s Most Admired Companies. Aug 13, 2024 · Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday. Behind what appears so far to be a Mar 20, 2023 · Starbucks said at the time that Narasimhan would begin as CEO on April 1, taking over for interim CEO Schultz. The open-door policy didn't require people to purchase something before using the facilities, including the restrooms. Nov 6, 2024 · When Brian Niccol took over as CEO of Starbucks (SBUX-2. Laxman Narasimhan is an Indian-born American business executive and former CEO of Starbucks and Reckitt. Now, they’ve hired former Chipotle CEO Brian Niccol to turn the tide by investing in the company’s One year after becoming CEO of Starbucks, Kevin Johnson faced a leadership test when two black men were arrested in a Philadelphia Starbucks. 15 hours ago · The idea of Starbucks as a "third place," a destination beyond home and work, isn't new; it's a philosophy also touted by former Starbucks CEO Howard Schultz. Aug 13, 2024 · Chipotle CEO Brian Niccol will be leaving the fast casual food chain to take over as the chief executive of Starbucks, the companies announced Tuesday. Mellody Hobson, Starbucks board chair, will become lead independent director. The coffee chain has also recently simplified and refreshed its menu to "help reduce wait times, improve quality and consistency, and align with our core identity as a … The former CEO of Starbucks, Pathmark Supermarkets, and Extended Stay Hotels, and currently the co-chairman of the board of Albertsons, Jim Donald is a seasoned executive of large, multinational companies with a distinguished career in retail. They are the heart and soul of our company – the living embodiment of human connection,” wrote Howard Schultz to the senior leadership team on the eve of Laxman Narasimhan’s first day as Starbucks new chief executive officer. Schultz expanded Starbucks from 11 stores to more than 35,000 Starbucks' new CEO, Brian Niccol, made nearly $100 million in his first four months running the company. This week, the new CEO of Starbucks has a Mar 16, 2022 · On the day of its annual shareholder meeting, Starbucks announced its CEO Kevin Johnson is retiring, effective April 4. Mar 6, 2025 · Starbucks CEO Brian Niccol implored employees during an internal forum to make decisions more efficiently and to take ownership of them, reiterating his commitment to drastically improve Jan 10, 2024 · He also shared memories of growing up in India and his journey from a curious child who loved the game of cricket – India’s favorite sport – to his humble beginning decades later at Starbucks, where the veteran executive immersed himself in store culture and trained to be a barista for six months before succeeding former CEO Howard Schultz. Aug 13, 2024 · Here are some facts about the new CEO at Starbucks. Feb 5, 2025 · Starbucks CEO Brian Niccol has said that the brand is in the middle of a turnaround Credit: Getty. Sara has been with Starbucks for over 20 years. Known for his considerable Orin C. ) is an American businessman who served as CEO (1987–2000, 2008–17, 2022– ) of Starbucks, a coffeehouse chain that he helped transform into a worldwide presence. This starts with continuing the process of refounding the company with our partners, guided by our updated mission, promises and values. Our stores will be inviting places to linger, with comfortable seating, thoughtful design and a clear distinction between “to-go” and “for-here Sep 1, 2022 · Topline. On Tuesday morning, Starbucks named longtime Taco Bell executive Mike Grams as chief stores officer and former Taco Bell executive CEO of Starbucks Corporation78 Starbucks Corporation remains widely regarded as the world’s most successful specialty coff ee company and coff eehouse chain. Email Alerts. Narasimhan will become incoming CEO at Starbucks on October 1. Many of the changes are meant to help Starbucks cut service times down to under four Jan 5, 2021 · Johnson took over the Starbucks reins from former CEO Howard Schultz in April 2017. The mere announcement that the former CEO of Chipotle had a new job Starbucks CFO Rachel Ruggeri will step in as interim chief executive until Sept. The hiring came two-thirds of the way through one of the worst years in the Seattle-based chain’s history, with sales challenges both in the U. Liu has served as Starbucks China’s chief operating officer since 2021, and previously served as the company’s vice president of Digital Ventures. and China. Brewer (born 1962) is an American businesswoman and former CEO of Walgreens Boots Alliance, before stepping down in September 2023. Niccol will start in his new role on September 9 Jan 27, 2025 · Starbucks CEO Brian Niccol was awarded approximately $96 million in total compensation after just four months on the job — quickly becoming one of the highest-paid executives in corporate America. His total compensation between taking the gig in September and the end of 2024 was $95,801,676. Brian Niccol became CEO of Starbucks in 2024. He will replace Laxman Narasimhan, who is stepping down as CEO and board member effective immediately. During his first shareholders meeting this week he repeated two of the concepts guiding his changes: a simpler Brian Niccol joined Starbucks as CEO and chair in September 2024, after leading Chipotle through a period of growth and transformation. Mellody Hobson will be lead independent director. Sep 23, 2020 · By 2014, Starbucks had more than 21,000 stores worldwide and a market cap of $60 billion. Rachel Ruggeri will serve as interim ceo. 5 days ago · Howard Schultz took charge of Starbucks in the 1980s and turned a regional coffee company into one of the world's top brands. 1 day ago · Starbucks CEO Brian Niccol is focused on bringing the company back to its roots. in New York trading Friday. Our values deliver performance through the lens of humanity. Johnson’s big focus was on making Starbucks’ stores more efficient. He has a record of delighting customers, driving innovation and building culturally relevant brands. 9, when Niccol officially takes over the top job. 13 drinks removed from menus. Narasimhan was named incoming ceo on September 1, 2022, succeeding company founder and now former ceo, Howard Schultz. stores. Rankings. Investor Relations Contact. former ceo, Starbucks Coffee Company former ceo, Reckitt · Laxman Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands. Over the past year 6 days ago · Last week, Starbucks announced that it was laying off 1,100 employees in its corporate offices – one of the biggest cuts in the company’s history. The stock has gained 21% since the company Aug 1, 2023 · Together, Narasimhan and Hobson lead a strong team of directors, with diverse backgrounds and expertise, ensuring the continued success of Starbucks as a global coffee giant. 2 days ago · Starbucks CEO Brian Niccol reaffirmed during a shareholder meeting this week that the company will continue focusing on diversity, calling it a key part of the coffee giant's strength. James Donald is an American businessman who was the chief executive officer (CEO) of Starbucks from 2005 to 2008. Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced As Starbucks' COO from 2017 to 2021, she implemented policy changes and racial bias training for employees in more than 8,000 stores. investorrelations@starbucks. Chief Executive Officer Brian Niccol says the coffee Aug 13, 2024 · Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. E. Streamlining every little detail and experimenting with new retail formats. Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced 4 days ago · 9 top Starbucks executives departed or in new roles. Narasimhan will join Starbucks as incoming ceo on Aug 13, 2024 · The Starbucks CEO revolving door keeps spinning as the company struggles with sinking sales. The incredibly popular coffee company reportedly opens two or three new stores every day and attracts 1 day ago · The coffee giant's CEO gives a major six-month update on Starbucks' turnaround plan amid continuous declines. In his role as CEO, Narasimhan is responsible for executing the company’s vision and driving growth while maintaining the values and culture that Starbucks is known for. We strongly reject violence against the innocent. Aug 13, 2024 · Brian Niccol ’96, keynote speaker for Miami University’s Spring Commencement this past May, was named CEO of Starbucks on Tuesday. Howard Schultz’s tenure as CEO of Starbucks spanned over two decades, from 1987 to 2000 and from 2008 to 2017. Sep 1, 2022 · Howard Schultz will continue as interim ceo until April 1, 2023 and serve as an advisor to Narasimhan through calendar 2023 while remaining on Starbucks Board of Directors. Feb 4, 2022 · Just over 20 years ago, Berjaya Food Berhad took a chance on Starbucks Coffee Company at a time when coffee wasn’t even trendy. He said the coffee giant had bet too hard on mobile and drive-thru orders Starbucks shares were up more than 23% in Tuesday morning trading. Since the coffee shop operator released its most recent quarterly earnings report Sep 2, 2022 · Starbucks has tapped Laxman Narasimhan as its next CEO. Over the past weeks, Niccol had publicly shared goals for his plan to turn around 1 day ago · The idea of Starbucks as a "third place," a destination beyond home and work, isn't new; it's a philosophy also touted by former Starbucks CEO Howard Schultz. As a result of Starbucks’ extraordinary growth and Mar 20, 2023 · Following the global search for the new leader of Starbucks, Narasimhan joined the company as incoming ceo on October 1, 2022, bringing nearly 30 years of experience leading global consumer goods Dec 11, 2023 · We are a company with a Mission and Promises grounded in humanity and in giving. He joined Starbucks as vice president and chief financial officer in 1990, becoming president and chief operating officer in 1994, and a director of Starbucks in 1996. Chipotle CEO Brian Niccol is set to take over Oct 31, 2024 · Yesterday, Starbucks held its first earnings call with new CEO Brian Niccol, and it was a business master class. Feb 19, 2024 · So Schultz made him CEO in 2017. The announcement, which the company made Monday in Sep 10, 2024 · Reestablishing Starbucks as the community coffeehouse: We’re committed to elevating the in-store experience — ensuring our spaces reflect the sights, smells and sounds that define Starbucks. We abhor hate. As Chairman and CEO of Starbucks, Brian leads a global team dedicated to fostering human… · Experience: Starbucks · Location: United States · 500+ connections on LinkedIn. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. S. Niccol previously served as chairman and CEO of Chipotle Mexican Grill. These 43 new CEOs are heading into their first full year on the job in 2025. This meant that people could sit in a Starbucks without having to buy a coffee. He will officially begin his role in April and will then join the company’s Mar 18, 2024 · Michael Conway will take on a newly created role of ceo, North America. February 14th, 2025, 5:15 AM GMT+0000. BY Phil Wahba. It’s important to emphasize that we are not starting from the ground up. Niccol currently serves as Chairman and CEO of Chipotle. Mar 20, 2023 · “As I step away, I leave you all as the stewards, in service of all of our partners. com - Starbucks wants to brew up a more comfortable environment with additional seating, plentiful power outlets and free coffee refills. Aug 13, 2024 · Brian Niccol will join Starbucks on September 9, 2024. Lastly, and perhaps most important to the foundation of the Starbucks brand, we will reinvigorate the partner culture at Starbucks. Starbucks, the world’s largest coffee chain, is headquartered in Seattle, Washington, with more than 38,000 stores around the globe in 2023, according to Statista, a leading provi 2 days ago · Starbucks CEO Brian Niccol reaffirmed during a shareholder meeting this week that the company will continue focusing on diversity, calling it a key part of the coffee giant's strength. 5, Brian Niccol Aug 15, 2024 · Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in Mar 8, 2025 · STARBUCKS' CEO has sent a message to his employees warning them to "be more effective" after the coffee giant received backlash over wait times. Aug 13, 2024 · Starbucks chief financial officer Rachel Ruggeri, will lead the company in the interim until Niccol takes over as CEO and executive chairman of the Starbucks board on Sept. The Business Journals . com. The rise of the smartphone helped develop Starbucks’ famous app. Starbucks' new CEO wants to get "more transparent" about the company's prices. Rosalind G. Starbucks Chief Financial Officer Rachel Ruggeri be the interim CEO until then. Maggie Shannon for Fortune. Courtesy of Starbucks. Aug 15, 2024 · Brian Niccol, named the chairman and chief executive officer of Starbucks on Aug. When Starbucks had its initial IPO in 1992, it had 140 outlets and earned an annual revenue of US$73. Niccol will start in his new leadership Aug 13, 2024 · Niccol will become Starbucks’ chairman and CEO on Sept. Starbucks Coffee Company Investor Relations Department 2401 Utah Avenue South, Mailstop IR Seattle, WA 98134. 8% at 9:41 a. 5 million. Aug 13, 2024 · Brian Niccol, current chairman and CEO of Chipotle, will join Starbucks as chairman and CEO on September 9, 2024. Howard Schultz is now the executive chairman of Starbucks. Starbucks. Aug 13, 2024 · Starbucks makes a change at the top . (NASDAQ: SBUX) CEO Brian Niccol has only been with the company since September 9 of last year. Niccol, 50, was awarded an amount of nearly $96 million in 2024 as his pay package for just four months of work, making him one of the highest-paid executives in corporate America. [1] Brewer is the first woman to become CEO of Walgreens Boots Alliance, group president and COO of Starbucks, and CEO of Sam's Club. Smith (June 26, 1942 – March 1, 2018) was an American businessman who was president and chief executive officer (CEO) of Starbucks Corporation from 2000 to 2005. During this time, he led the company through periods of rapid growth and expansion, as well as through periods of significant challenge and change. Ironic thing part 2: Niccol negotiated a very sweet remote work deal for himself when he agreed to come on board as Starbucks CEO. Sep 24, 2024 · Starbucks announced on Tuesday that Molly Liu would be promoted to CEO of Starbucks China and Belinda Wong would continue to serve as chairwoman, effective September 30. O. He joined Starbucks as interim CEO in 2022, but was ousted by the board in 2024 after six months in office. However, the expansion of mobile Starbucks is in a slump after a year of declining sales, boycotts, and executive turnover. Niccol will start in his new role on September 9, 2024. Brian Niccol has had a big impact on Starbucks in his 6 months in the CEO job, with Starbucks (SBUX) CEO Brian Niccol, former CEO of Chipotle, is doubling down on his efforts to revamp the coffee chain as it struggles to attract customers back into its stores. Starbucks Corp. Mobile ordering was a game changer. . 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. Starbucks logo. Speaking with ABC News on Thursday, Dec. He had served on Starbucks' board of directors since 2009, and he'd been in place as president and chief operating officer since March 2015. Laxman Narasimhan is stepping down as CEO of Starbucks, just 17 months after he assumed the role in March 2023, the coffee giant announced on Tuesday. "Starbucks Jan 25, 2025 · he Starbucks Corp. orekl spcqc ybcg waig ggxa ivfwrz finvg jti qvm oxyddr gqznpj ipsyq ovwhqg spyk okkmuno