© 2024 WGCU News
PBS and NPR for Southwest Florida
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Starbucks

  • Shares of Starbucks Corp. soared more than 21% in early trading Tuesday after news that the company's CEO was being replaced.
    Business/Economy
    Starbucks CEO out immediately, replaced by top exec from Chipotle
    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 Sept. 9. Chief Financial Officer Rachel Ruggeri will serve as interim CEO until that time.