Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over | CNN Business
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Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday.

The struggling coffee chain has tapped Chipotle CEO Brian Niccol to be its new chairman and CEO, effective September 9. Starbucks’ stock soared more than 13% in premarket trading, while Chipotle’s dipped 8%.

Niccol has been leading the Mexican-inspired food chain since 2018, with Starbucks saying he has set “new standards in the industry and driven significant growth and value creation,” pointing to its revenue growing nearly 800% during his tenure.

  • corsicanguppyEnglish
    1·
    30 days ago

    Costs way less, tastes much better, and it’s significantly healthier compared to the flavored milk they sell.

    I don’t have the machine at home. Or that other machine. Nor can I make a fern leaf with the milk. And where’m I gonna get a lip piercing at this time of night? Be reasonable, man.