Starbucks names Chipotle's Brian Niccol as CEO; Chipotle stock tumbles

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CHIPOTLE ANNOUNCES CEO DEPARTURE

August 13, 2024 8:05 AM EDT

SCOTT BOATWRIGHT, COO AND 7-YEAR CHIPOTLE VETERAN, NAMED INTERIM CEO

JACK HARTUNG TO REMAIN WITH COMPANY AS PRESIDENT, STRATEGY, FINANCE & SUPPLY CHAIN

NEWPORT BEACH, Calif., Aug. 13, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today announced that Brian Niccol, Chairman and... More

Starbucks names Brian Niccol as Chairman and Chief Executive Officer

August 13, 2024 8:05 AM EDT

Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. Rachel Ruggeri will serve as interim ceo.

SEATTLE--(BUSINESS WIRE)-- Starbucks (NASDAQ: SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director.

Niccol... More