Starbucks appoints Brian Niccol as CEO and chairman amidst challenges, effective September 9.

Starbucks appoints Brian Niccol as its new CEO and chairman, effective September 9. Niccol brings 20 years of experience from Chipotle and Yum! Brands Inc. to Starbucks, which faces challenges such as slumping demand due to inflation, long wait times, activist investors, contract negotiations with unionized workers, and Middle East boycotts. Niccol's track record in the restaurant industry, including turning around Chipotle and increasing sales through digital orders and new products, has reassured investors.

August 23, 2024
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