financetom
Business
financetom
/
Business
/
TIMELINE-Starbucks hires Chipotle's Niccol as its sixth CEO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TIMELINE-Starbucks hires Chipotle's Niccol as its sixth CEO
Aug 13, 2024 9:25 AM

Aug 13 (Reuters) - Starbucks ( SBUX ) on Tuesday named

Chipotle Mexican Grill's ( CMG ) Brian Niccol as its new CEO,

replacing Laxman Narasimhan, who was at the helm for close to a

year and a half, the shortest span for a top boss at the global

coffee chain.

Niccol will become only the sixth CEO at the company over

its 50-plus-year history, with founder Howard Schultz leading

the company for 23 years in three separate stints and helping to

create a behemoth in the fast-food industry.

Here is a timeline on CEOs at the company over the years:

CEO Tenure

Howard 1987 to 2000 Schultz took the company

Schultz public in 1992.

Orin 2000 to 2005 Orin was hired as CFO in

Smith 1990 and was named CEO in

2000. Under his leadership,

Starbucks went from 45

stores to over 10,000

locations in 33 countries.

Stock climbed more than 130%

during his tenure.

Jim March 2005 to Donald was president of the

Donald January 2008 company's North American

division for three years

before being named CEO. He

was ousted in 2008. The

stock declined nearly 29%

during his time.

Howard January 2008 Schultz returned as CEO for

Schultz to April 2017 a second time with a mandate

to shore up the U.S.

business.

Kevin April 2017 to Johnson, who was on the

Johnson April 2022 Starbucks board since 2009

and was named its COO in

March 2015, led the coffee

chain for five years. He

steered the company through

the pandemic before retiring

in 2022. During his tenure,

the stock gained 56%.

Howard April 2022 to Schultz returned to lead the

Schultz April 2023 company for the third time,

taking over as interim CEO

and focusing on dealing with

growing unionization at U.S.

cafes.

Laxman April 2023 to Starbucks hired Narasimhan

Narasimh August 2024 from the maker of Lysol

an disinfectants to undertake a

"reinvention". Stock down

more than 26% during his

time at the helm.

Brian September 2024 Chipotle Mexican Grill's

Niccol head Niccol named new CEO in

a management shakeup,

tasking an executive known

for reviving the burrito

chain to lead a turnaround.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by

Sriraj Kalluvila)

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 >
China warns Japan of retaliation over potential new chip curbs, Bloomberg reports
China warns Japan of retaliation over potential new chip curbs, Bloomberg reports
Sep 1, 2024
Sept 2 (Reuters) - China has warned severe economic retaliation against Japan if it further restricts sales and servicing of chipmaking equipment to Chinese firms, Bloomberg News reported on Monday, citing people familiar with the matter. Toyota Motor ( TM ) privately told Japanese officials that Beijing could react to the curbs by cutting Japan's access to minerals required for...
Stewart Information Services Insider Sold Shares Worth $695,283, According to a Recent SEC Filing
Stewart Information Services Insider Sold Shares Worth $695,283, According to a Recent SEC Filing
Sep 1, 2024
04:11 PM EDT, 08/29/2024 (MT Newswires) -- Steven Mark Lessack, Group President, on August 28, 2024, sold 9,524 shares in Stewart Information Services ( STC ) for $695,283. Following the Form 4 filing with the SEC, Lessack has control over a total of 10,985 shares of the company, with 10,387 shares held directly and 598 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/94344/000106299324015870/xslF345X05/form4.xml...
Baidu-backed Chinese autonomous trucking firm expects to be profitable in 2025
Baidu-backed Chinese autonomous trucking firm expects to be profitable in 2025
Sep 1, 2024
BEIJING, Aug 30 (Reuters) - Chinese autonomous driving startup CiDi expects to turn profitable next year with its offering of software and services focused on mining and factory applications and is willing to consider an IPO among various funding options, its CEO said. We're willing to explore various financing avenues including an IPO, Albert Hu, CEO of CiDi, which was...
Sanofi MS drug tolebrutinib misses goal in relapsing disease trials
Sanofi MS drug tolebrutinib misses goal in relapsing disease trials
Sep 1, 2024
Sept 2 (Reuters) - Sanofi's most advanced multiple sclerosis (MS) drug candidate has missed the main goal of two late-stage trials to treat relapsing forms of the disease, dimming the prospects for a widely-pursued class of drugs. The French drugmaker said on Monday that two Phase III trials showed that its experimental daily pill tolebrutinib was not better than its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved