By DEE-ANN DURBIN Starbucks, struggling with fading sales and disgruntled investors, said Tuesday it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Narasimhan, who spent a little more than a year leading Starbucks, will step down immediately, the Seattle coffee giant said. Niccol will become Starbucks’ chairman and CEO on […]


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Originally Published: <time datetime="2024-08-13 08:22:23">August 13, 2024 at 8:22 a.m.</time>

By DEE-ANN DURBIN Starbucks, struggling with fading sales and disgruntled investors, said Tuesday it’s replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Nar…{ai:summary}<p>Starbucks, drowning in dwindling sales and unhappy investors, is swapping its captain. Laxman Narasimhan, after less than a year at the helm, is out. Brian Niccol of Chipotle fame is stepping in to steer the coffee ship.</p><p>A bold move in a bitter brew of corporate discontent. #economy</p>

Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress

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