Last spring, Laxman Narasimhan's tenure as CEO of Starbucks appeared to have hit a rough patch, as the company cut its annual guidance for the third consecutive quarter following its worst performance since the pandemic... causing shares to plummet by as much as 16%.
Niccol's career includes leadership roles at Taco Bell, Pizza Hut, and Procter & Gamble before joining Chipotle in 2018. At Chipotle, Niccol oversaw significant revenue growth.
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