Starbucks replaces its CEO, names Chipotle chief to head the company
Tuesday, August 13th 2024, 1:45:30 pm
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Starbucks, 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. The Seattle coffee giant said Brian Niccol, the chairman and CEO of Chipotle, will become Starbucks' chairman and CEO on Sept. 9. Starbucks shares jumped more than 13% before the market opened.
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