Starbucks Names Brian Niccol as New CEO Amid Leadership Shake-Up – The European Business Review
Starbucks has appointed former Chipotle CEO Brian Niccol as its new chairman and CEO, effective September 9, following the unexpected departure of Laxman Narasimhan. Niccol, known for his transformative leadership at Chipotle, where he nearly doubled revenue and increased profits sevenfold, is expected to bring a similar approach to Starbucks. His emphasis on stewardship and enhancing customer and employee experiences aligns with the company’s mission during this pivotal time. Investors responded positively to the news, with Starbucks shares soaring 24%, the highest single-day gain since its 1992 IPO.
Related Readings:
Related
European markets fall and euro soars amid Trump tariff delays
European stock markets have slumped after Donald Trump’s second reversal on tariffs caused deep uncertainty among investors, while the euro was on track for i
European Central Bank cuts interest rates, keeps door ajar to…
Open this photo in gallery:The European Central Bank headquarters, in Frankfurt, Germany, on June 6, 2024.Wolfgang Rattay/ReutersThe European Central Bank cut i
European security, economy without Türkiye ‘impossible,’ says business leader –…
ISTANBUL Türkiye’s strategic importance for Europe's future is both undeniable and multifaceted, encompassing critical areas suc
Westcon-Comstor promotes Rene Klein to lead unified European business
Westcon-Comstor has announced the appointment of Rene Klein as executive vice president for EMEA, tasked with leading the company’s new unified leadership st
