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Starbucks Fired Indian CEO: Next Sundar Pichai?

Summary by m9.news
In a surprising move, Starbucks has replaced its Indian-origin CEO, Laxman Narasimhan, with Brian Niccol, the current CEO of Chipotle. Narasimhan, who began his role last year, is stepping down from both his CEO position and the Starbucks board. This sudden leadership change comes as Starbucks faces substantial challenges, including a sharp decline in sales […] The post Starbucks Fired Indian CEO: Next Sundar Pichai? appeared first on M9.news.
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m9.newsm9.news

Starbucks Fired Indian CEO: Next Sundar Pichai?

In a surprising move, Starbucks has replaced its Indian-origin CEO, Laxman Narasimhan, with Brian Niccol, the current CEO of Chipotle. Narasimhan, who began his role last year, is stepping down from both his CEO position and the Starbucks board. This sudden leadership change comes as Starbucks faces substantial challenges, including a sharp decline in sales […] The post Starbucks Fired Indian CEO: Next Sundar Pichai? appeared first on M9.news.

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Business Insider (Poland)Business Insider (Poland)

"No work after 6 p.m." Starbucks CEO fired with immediate effect

As for the CEO of a giant, he had unusual ideas and concepts. But it did not increase the company's sales and profits. Starbucks announced on Tuesday that it was firing CEO Laxman Narasimhan with immediate effect. He will be replaced by the current CEO of the Chipotle burrito chain, Brian Niccol. This choice caused Starbucks shares to rise by 24.5%, which was the best day in the company's history. The company previously led by Niccol lost 10% on…

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Business Insider (Poland) broke the news in on Wednesday, August 14, 2024.
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