Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

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

previous post
At least one killed after car rams into crowd in German city of Mannheim, police say
next post
CNN Fear and Greed Index Plunges to Extreme Fear – What It Means for Global Markets

Related Posts

KFC moves U.S. headquarters from Kentucky to Texas

February 20, 2025

Pfizer CEO says tariff uncertainty is deterring further...

May 3, 2025

Burger King targets families through movie partnerships in...

May 23, 2025

UnitedHealth says it is facing DOJ investigation over...

July 25, 2025

Orange juice importer says Brazil tariffs will squeeze...

July 23, 2025

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns...

March 26, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

Chipotle downplays looming Trump tariffs, says only half...

February 7, 2025

Pfizer CEO says tariff uncertainty is deterring further...

April 30, 2025

Tesla reports 336,000 vehicle deliveries in first quarter,...

April 3, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      October 28, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 28, 2025
    • Crypto Market Update: Binance Eyes US Re-Entry After Trump Pardons Founder

      October 28, 2025
    • PMET Releases Lithium-Only Feasibility Study for Shaakichiuwaanaan in Québec

      October 28, 2025
    • Altech Batteries LtdSodium Nickel Chloride Batteries Outstanding Safety Destructve Testing

      October 28, 2025
    • Appoints global biopharma leader Paul Carter as Non-Executive Director to support next phase of strategic growth

      October 28, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 crazyflux.com | All Rights Reserved