Starbucks Appoints New CEO Amidst Leadership Shake-Up
In a significant leadership transition, Starbucks has announced that Brian Niccol, the former CEO of Chipotle, will take the helm as the new Chief Executive Officer starting September 9, 2024. This move comes as the coffee giant faces mounting pressures from activist investors and a notable decline in its stock price. Niccol will succeed Laxman Narasimhan, who has stepped down from his position after just over a year in the role, raising questions about the stability and direction of the company...