Starbucks 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 Chiptole, will become Starbucks' chairman and CEO on Sept. 9.

Narasimhan became Starbucks' CEO in March 2023.

Starbucks said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job{ai:summary}<p>Starbucks is saying goodbye to CEO Laxman Narasimhan after a brief stint of just over a year. The coffee empire has tapped Brian Niccol, current head of Chipotle, to take the reins as chairman and CEO starting September 9.</p><p>It's a leadership shakeup that'll have coffee lovers watching. #economy</p>

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

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