Reported 2 months ago
Starbucks has replaced its CEO with Brian Niccol, previously of Chipotle, in a surprising move aimed at revitalizing the coffee chain's struggling sales. This leadership change follows pressure from activist investors and shares of Starbucks surged 24% post-announcement, while Chipotle's shares dropped 13%. Niccol will start his new role on September 9, with the current CFO filling in until then.
Source: YAHOO