Starbucks' new CFO agrees with you: It's not great right now

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Starbucks' new CFO agrees with you: It's not great right now

//business-finance.news-articles.net/content/202 .. fo-agrees-with-you-it-s-not-great-right-now.html

Published in Business and Finance on Monday, April 28th 2025 at 8:00 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The cafe chain's shares have fallen 34% since their all-time high.

2025-04-28 312 x 156 / 109621 Bytes

Starbucks has appointed Rachel Ruggeri as its new Chief Financial Officer, succeeding Patrick Grismer, as part of the company's ongoing efforts to navigate through the challenges posed by the global health crisis. Ruggeri, who has been with Starbucks for 18 years and most recently served as the senior vice president of finance, is expected to play a key role in the company's recovery and growth strategy. Her appointment comes at a time when Starbucks is facing increased competition from rivals like Chipotle, which has seen a surge in demand for its digital ordering and drive-thru services. Starbucks is looking to Ruggeri's experience and leadership to help the company adapt to the changing landscape and regain its footing in the competitive coffee market.

Read the Full Fortune Article at:
[ https://fortune.com/article/starbucks-new-cfo-turnaround-chipotle/ ]

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Starbucks' new CFO agrees with you: It's not great right now