Starbucks replaces its CEO, names Chipotle chief to head the company

  • 📰 denverpost
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

By DEE-ANN DURBIN Starbucks, struggling with weak demand and disgruntled investors, said Tuesday it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Nara…

and disgruntled investors, said Tuesday it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle.

Elliott Investment Management, an activist firm with a significant stake in Starbucks, said it began talking about a change in leadership with Starbucks’ board two months ago. In a statement, the firm said Tuesday’s announcement is a “transformational step forward.” “Brian is a culture carrier who brings a wealth of experience and a proven track record of driving innovation and growth,” Hobson said in a statement. “Like all of us at Starbucks, he understands that a remarkable customer experience is rooted in an exceptional partner experience.”“I believe he is the leader Starbucks needs at a pivotal moment in its history. He has my respect and full support,” Schultz said in a statement.

Chipotle’s shares have risen more than 20% so far this year, although they fell 12% Tuesday morning on word of Niccol’s departure.Broncos stock report: Rookie wide receiver Troy Franklin's troubling start continues in preseason opener Keeler: Deion Sanders, 4-8 coach, gave a 3-9 news conference. Coach Prime showed CU Buffs fans a four-letter side they hadn't seen before: Fear

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 13. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks, struggling with weak demand and disgruntled investors, said that CEO Laxman Narasimhan is stepping down after a little more than a year in the job.
Bron: 6abc - 🏆 250. / 63 Lees verder »

Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job.
Bron: KSLcom - 🏆 549. / 51 Lees verder »

Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks, struggling with weak demand and disgruntled investors, said that CEO Laxman Narasimhan is stepping down after a little more than a year in the job.
Bron: abc13houston - 🏆 255. / 63 Lees verder »