Reported 1 day ago
Starbucks has promoted Mike Grams, previously the North America chief coffeehouse officer, to chief operating officer in a bid to enhance its performance under CEO Brian Niccol's new leadership strategy. This reorganization comes after disappointing sales and aims to simplify the menu, reduce wait times, and refocus on core coffeehouse experiences. Grams will also oversee global coffeehouse development and supply chain operations, with his salary increasing to $900,000.
Source: YAHOO