SBUX Stock News: Why Starbucks Is Surging 20% Today
SBUXStarbucks(SBUX) Investor Place·2024-08-13 23:38

Starbucks (NASDAQ:SBUX) stock is heading higher on Tuesday after the company announced that Brian Niccol is taking over as chairman and CEO of the coffee chain.This will have Niccol replacing Laxman Narasimhan as the next CEO of Starbucks. This is due to Narasimhan turning in his immediate resignation from the company.Starbucks won’t get Niccol as its new CEO until Sept. 9, 2024. While it waits, current SBUX Cheif Financial Officer Rachel Ruggeri will serve as the interim CEO of the company.SBUX stockholder ...