Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Starbucks poaches Nordstrom CFO as executive shake-up continues

by admin March 5, 2025
March 5, 2025
Starbucks poaches Nordstrom CFO as executive shake-up continues

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri.

The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning around slumping coffee sales.

So far, noteworthy departures during Niccol’s tenure have included the company’s North American CEO, North American president, chief supply officer and the former chair of the board. Meanwhile, many executives with ties to Niccol from his time leading Chipotle Mexican Grill and Yum Brands’ Taco Bell have joined the company.

Smith, 61, joins Starbucks after two years at Nordstrom, which is also based in Seattle and recently announced a $6.25 billion deal to go private. Throughout her decades-long career, Smith has also served as CFO for Bright Health Group, Target, Express Scripts, Walmart International, GameStop, Centex, Kennametal, Textron and Raytheon.

Smith is expected to start next month, Niccol wrote in a letter to employees.

Ruggeri has served as chief financial officer for Starbucks since 2021. Excluding two brief stints at other companies, she has worked at the coffee chain since 2001.

“I’m personally grateful for the partnership we’ve had over the last 6 months since I joined Starbucks,” Niccol said in the letter. “Thank you, Rachel, for all you have done for our business, our culture and our partners.”

Her departure is without cause, the company said in a regulatory filing. Ruggeri will stick around to help with Smith’s transition into the role, according to Niccol.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Sector Rotation & Seasonality: What’s Driving the Market Now?”
next post
How a $5 million fix turned Paramount Pictures’ ‘Sonic’ into a billion-dollar franchise

Related Posts

Drone company’s stock soars after it appoints Donald...

November 29, 2024

Top liquor distributor favored Costco and Kroger over...

December 14, 2024

Women’s basketball league Unrivaled signs uniform deal with...

December 11, 2024

How a tiny town hit by Helene could...

October 5, 2024

Retailers scramble to move billions in cargo as...

October 1, 2024

Nvidia’s CEO did a Q&A with analysts. What...

March 26, 2025

Bumble shares jump 26% as dating company plans...

June 27, 2025

Extreme heat set to drive home cooling costs...

June 4, 2024

TGI Fridays operator files for Chapter 11 bankruptcy...

November 5, 2024

CVS is under pressure and considering a breakup....

October 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Momentum Leaders Are Rotating — Here’s How to Find Them

      July 25, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      July 25, 2025
    • Trump foe Boasberg orders DOJ to detail status of CECOT migrants sent to Venezuela

      July 25, 2025
    • Hamas ‘hardens’ stance in ceasefire talks as Netanyahu recalls negotiation team

      July 25, 2025
    • White House sends mixed signals in Russia ‘hoax’ blame game

      July 25, 2025

    Categories

    • Business (1,036)
    • Investing (2,690)
    • Politics (3,310)
    • Stocks (1,154)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved