financetom
Business
financetom
/
Business
/
Starbucks North America head retires after five months in the role
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Starbucks North America head retires after five months in the role
Sep 16, 2024 4:16 PM

(Reuters) - Starbucks ( SBUX ) said on Monday that its North America CEO, Michael Conway, had decided to retire after about 11 years at the coffee chain.

The move comes amid newly-appointed Chief Executive Officer Brian Niccol's turnaround plan focusing on Starbucks' ( SBUX ) operations in the U.S.

Conway assumed the role as North America CEO in April this year as the company was grappling with weak demand for its pricey lattes in the U.S.

Niccol, who took over from Laxman Narasimhan in a surprise appointment last month, said in an open letter that he would initially focus on ensuring the U.S. stores deliver drinks and food on time, as well as re-establishing the coffeehouse culture at its outlets.

Starbucks ( SBUX ) will not backfill the role of North America CEO upon Conway's retirement, and the company's North America retail operations head, Sarah Trilling, would report directly to Niccol.

Conway would stay on as an executive adviser through the end of 2024, Starbucks ( SBUX ) said in a post on its website.

Prior to becoming North America CEO, Conway was the group president of Starbucks' ( SBUX ) international and channel development.

He also served as the president of the company's Canada business, as well as its licensed stores segment for the U.S. and Latin America, among other roles.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nvidia faces US DOJ probe over complaints from rivals, The Information reports
Nvidia faces US DOJ probe over complaints from rivals, The Information reports
Aug 1, 2024
Aug 1 (Reuters) - Antitrust officials at the U.S. Department of Justice are investigating complaints over Nvidia ( NVDA ) allegedly abusing its market dominance in selling chips that power artificial intelligence, The Information reported on Thursday. ...
US judge throws out $4.7 billion verdict against NFL in 'Sunday Ticket' lawsuit
US judge throws out $4.7 billion verdict against NFL in 'Sunday Ticket' lawsuit
Aug 1, 2024
(Reuters) -A U.S. judge in California on Thursday threw out a $4.7 billion verdict against the National Football League in a lawsuit claiming it overcharged subscribers to its Sunday Ticket game telecasts for more than a decade. The ruling by Los Angeles-based U.S. District Judge Philip Gutierrez followed arguments by the NFL that the verdict was unjustified and the result...
Tesla sued by family of motorcyclist killed in Autopilot crash
Tesla sued by family of motorcyclist killed in Autopilot crash
Aug 1, 2024
SAN FRANCISCO (Reuters) - The parents of a motorcyclist who was killed in a 2022 crash involving a Tesla Model 3 on Autopilot in Utah sued the electric carmaker and the vehicle's driver, claiming that the driver assistant software and other safety features are defective and inadequate. Landon Embry, 34, died on the scene after the Model 3 put on...
Atlassian Q4 Earnings: Revenue Beat, EPS Beat, Shares Slide On Soft Guidance
Atlassian Q4 Earnings: Revenue Beat, EPS Beat, Shares Slide On Soft Guidance
Aug 1, 2024
Atlassian ( TEAM ) shares are tumbling in Thursday's after-hours session on the heels of Q4 financial results. Here's a look at the key metrics.Atlassian Corp ( TEAM ) shares are tumbling in Thursday’s after-hours session on the heels of the company’s fourth-quarter financial results. Here’s a look of the key metrics from the quarter. Q4 Revenue: $1.31 billion, versus...
Copyright 2023-2026 - www.financetom.com All Rights Reserved