Leadership Shakeup at Chipotle and Starbucks Rocks Shares
August 13, 2024 at 14:59 PM EDT
Chipotle (CMG) and Starbucks (SBUX) shares are making big moves in opposite directions this morning. Starbucks announced that it would be replacing CEO Laxman Narasimhan with Chipotle’s current CEO Brian Niccol. The announcement that Narasimhan would be leaving wasn’t unexpected. Narasimhan took over the helm at Starbucks in March 2023. Since then, the company has […] The post Leadership Shakeup at Chipotle and Starbucks Rocks Shares appeared first on Money Morning - We Make Investing Profitable .