Starbucks (SBUX) shares are climbing after the company named Brian Niccol as its next chairman and CEO. Niccol has been Chipotle’s (CMG) CEO since 2018, and will officially join Starbucks on Monday, September 9.
Yahoo Finance Executive Editor Brian Sozzi and Senior Reporter Brooke DiPalma break down the leadership shake-ups as Starbucks CEO Laxman Narasimhan steps down and their respective stock reactions.
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