Chipotle CEO to lead Starbucks: Can he turn the company around?

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Brian Niccol News

Chipotle,Brooke Dipalma

Chipotle's current CEO Brian Niccol (CMG) will take over as CEO ofStarbucks (SBUX) beginning on September 9th. Since taking over Chipotle in March of 2018...

) beginning on September 9th. Since taking over Chipotle in March of 2018, shares of the company are up 770%. Could he continue his track record at the coffee giant?This is effective September 9th and to take a closer look on Nichol's track record at Chipotle and even some times before that, this stems back to we've got Yahoo Finance's very own Brooke Dipalma here with us.I mean, formerly Taco Bell, then Chipotle and now coffee in the morning, coffee in the morning.

Um Peter Slay saying in a note that Mr Nichol has earned the respect and confidence of the investment community and will be given the much needed leeway to make investments in time to turn around.In 2017, there was a revenue of 4.5 billion for chips annual revenue in 2017 by 2023 that revenue doubled to 9.9 billion.

And of course, Brad, we know that, uh, uh Starbucks has had this long running issue of really building up momentum, making sure that you're building up from within. And also too, it's, it's worth noting, Brian Ozzie and I, we were all chatting this morning about this and, and you know, of course, there's Yum China.

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Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks, struggling with weak demand and disgruntled investors, said Tuesday it's replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle.
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