Reported 2 months ago
Starbucks has ousted CEO Laxman Narasimhan just two years into his tenure due to declining sales and customer boycotts linked to the company's perceived support for Israel. His departure comes after two consecutive quarters of falling sales, leading to activist investor pressure. Brian Niccol, formerly of Chipotle, will succeed him as CEO, tasked with reversing the coffee chain's fortunes amidst a turbulent market environment.
Source: YAHOO