Seattle coffee giant Starbucks said Tuesday that Brian Niccol, the chairman and CEO of Chipotle, will become chairman and CEO on Sept. 9.
Consumer spending is changing, with more people choosing to avoid expensive options at places like Starbucks and McDonald's. Joining us to talk more about this trend is Marvin Ryder, Associate Professor of Marketing at the DeGroote School of Business at McMaster University – Aug 4, 2024 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.
Mellody Hobson, the chair of Starbucks’ board of directors, said Niccol has transformed Chipotle since becoming its CEO in 2018 by focusing on menu innovation, operational excellence and digital transformation. “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.Several cannabis oils, softgels are being recalled in Canada.
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