Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over

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https://www.cnn.com/2024/08/13/business/starbucks-ceo-brian-niccol?cid=ios_app

The struggling coffee chain has tapped Chipotle CEO Brian Niccol to be its new chairman and CEO, effective September 9. Starbucks’ stock soared more than 13% in premarket trading, while Chipotle’s dipped 8%.

Niccol has been leading the Mexican-inspired food chain since 2018, with Starbucks saying he has set “new standards in the industry and driven significant growth and value creation,” pointing to its revenue growing nearly 800% during his tenure.

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Ok but I don't have any teenagers at home who will make whatever they want instead of what I ordered and take 20 minutes to do it.