US Stock Market News | Starbucks surged over 21%, will appoint Nicole as the company's CEO
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On Tuesday, Starbucks' stock price rose, with the stock up over 21% to $93.35 as of the time of writing. Starbucks announced the appointment of Brian Niccol as the company's CEO. Niccol is currently the CEO of the fast-food brand Chipotle. Niccol will assume the role of Starbucks CEO and Board Executive Chairman on September 9th. Starbucks' current CEO, Laxman Narasimhan, will immediately step down from his position, and the company's CFO, Rachel Ruggeri, will serve as interim CEO until Niccol officially takes office
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