Starbucks names Chipotle’s Brian Niccol as CEO

08/13/2024

Less than a minute

2024.08.13 08:23

(Reuters) -Starbucks said on Tuesday Chipotle Mexican Grill (NYSE:)’s head, Brian Niccol, will replace chairman and chief executive officer Laxman Narsimhan.

© Reuters. FILE PHOTO: A view shows the logo of an American coffee company, Starbucks, on a wall outside a coffee shop in Mexico City, Mexico July 24, 2024. REUTERS/Henry Romero/File Photo

Narasimhan, who was appointed as the company’s head in September 2022, is stepping down from his role as CEO and as a member of the Starbucks (NASDAQ:) board with immediate effect.

Shares of Starbucks up 10% in premarket trading and Chipotle stock was down 8%.

08/13/2024

Less than a minute

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