Laxman Narasimhan is out as the C.E.O. of Starbucks, the company announced on Tuesday, a year and a half since he succeeded Howard Schultz at the coffee chain...
Starbucks shares have fallen more than 20 percent since Narasimhan took the reins, hurt by slowing sales in the U.S. and China...
Brian Niccol, a fast-food industry veteran who executed a turnaround as C.E.O. of Chipotle, will replace Narasimhan and also assume the role of chairman at Starbucks...
Rachel Ruggeri, the Starbucks chief financial officer, will serve as interim C.E.O. until Niccol starts in mid-September...
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