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Economics MicroWave • 1 month ago • 84%

Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol

www.cnbc.com

  • Starbucks has ousted CEO Laxman Narasimhan, effective immediately.
  • Chipotle CEO Brian Niccol will step in as the coffee chain’s new leader on Sept. 9.
  • Starbucks’ sales have struggled in recent quarters due to shrinking demand in the U.S. and China, its two largest markets.

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