Shares of Chipotle Mexican Grill (CMG) fell Tuesday on the news that the burrito giant would be replacing a heaping helping of the leadership that has helped its stock to guac-defying levels.
Starbucks has a new CEO.
NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Starbucks Corporation ("Starbucks") (NASDAQ:SBUX) concerning possible violations of federal securities laws. On May 1, 2024, Starbucks announced Q2 2024 results well-below expectations and Starbucks' own projections, and then announced significantly reduced full-year guidance for 2024.
NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Starbucks Corporation ("Starbucks" or "the Company") (NASDAQ:SBUX). Investors who purchased Starbucks securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SBUX.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is bringing in current Chipotle boss Brian Niccol as the coffee chain's new chairman and chief executive. Niccol will replace Laxman Narasimhan, who today announced his departure with immediate effect, on 9 September.
Starbucks (SBUX) shares jumped 13% higher before the opening bell Tuesday after the coffee giant announced the hiring of Chipotle Mexican Grill (CMG) Chief Executive Officer (CEO) Brian Niccol as its new CEO, replacing Laxman Narasimhan, who is departing immediately.
Starbucks Corp. is replacing CEO Laxman Narasimhan with Chipotle Mexican Grill chief Brian Niccol. He is slated to take over the role in early September.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is bringing in current Chipotle boss Brian Niccol as the coffee chain's new chairman and chief executive. Niccol will replace Laxman Narasimhan, who today announced his departure with immediate effect, on 9 September.
The sudden change in leadership follows public criticism from former CEO Howard Schultz, who slammed Narasimhan's management style on LinkedIn in May.
Chipotle stock fell 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.
Starbucks announced a major shakeup to its top leadership team Tuesday, replacing its CEO with Chipotle's top executive, as the coffee chain contends with multiple activist investor challenges during an extended stock market slump.
Starbucks Corp.'s stock SBUX, +2.58% was rallying, up 10.4% in premarket trading on Tuesday, after the coffee-shop giant named Brian Niccol as its new chief executive as of Sept. 9. Niccol is currently the chief executive of Chipotle Mexican Grill CMG, +0.58%.