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Starbucks announced Tuesday that its CEO Laxman Narasimhan will step down effective immediately.
Narasimhan will be replaced by Brian Niccol, who currently heads the fast-casual chain Chipotle.
This story is developing, please check back for updates.
Read the original article on Business Insider
https://www.businessinsider.com/starbucks-ceo-steps-down-replaced-by-chipotle-chief-2024-8