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

Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday.

Starbucks CEO Laxman Narasimhan is leaving his position.
Starbucks CEO Laxman Narasimhan is leaving his position.

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

The struggling coffee chain has tapped Chipotle CEO Brian Niccol to be its new chairman and CEO, effective September 9.

This is a developing story. It will be updated.

The struggling coffee chain hopes to revitalize its business under the leadership of Brian Niccol, his expertise in the food industry being instrumental. With Niccol at the helm, significant changes are expected in the company's business strategies.

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