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Starbucks names Chipotle's Brian Niccol as CEO

  • Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year, as announced by the company on Tuesday.
  • Starbucks has selected Brian Niccol, CEO of Chipotle Mexican Grill, as its new CEO and chairman, effective September 9.
  • Rachel Ruggeri, Chief Financial Officer, will act as interim CEO until Niccol begins his role.
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