• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Starbucks new CEO taps fellow Chipotle alum for top marketing role

by October 18, 2024
written by October 18, 2024

By Waylon Cunningham

(Reuters) – Starbucks (NASDAQ:SBUX) on Friday announced it hired food marketing veteran Tressie Lieberman to take its top marketing job, the latest in a spate of executive reshuffling by new CEO Brian Niccol.

Lieberman and Niccol overlapped at Chipotle (NYSE:CMG), where Niccol served as CEO until August, when he was poached by Starbucks. Lieberman was Chipotle’s vice president of digital marketing and off-premise sales from 2018 to 2023.

“It’s time to tell our story again and reintroduce Starbucks to the world. Tressie is the perfect person to help us do that,” Niccol said in a statement.

Lieberman’s new role as executive vice president and global chief brand officer begins on Nov. 4. Starbucks said she will be in charge of marketing, product development, creative and data analytics and insights.

Niccol in a public letter last month said marketing was a central plank of his vision for Starbucks, which has suffered from slumping sales in recent quarters.

In addition to Chipotle, Lieberman previously held senior marketing roles at Yahoo, Snap Kitchen and Yum! Brands (NYSE:YUM), the parent company of Taco Bell and other restaurant chains.

Starbucks’ leadership team has undergone changes since Niccol took over.

In September, the chain announced that North America CEO Michael Conway was retiring, and that the company would not fill his position. Instead, North America retail operations head Sarah Trilling will report directly to Niccol.

Starbucks also announced on Tuesday that teams in charge of concepts, store designs and store development would be consolidated under Trilling. That is intended to “create clear accountability for the look and feel of our stores from concepts through design to development,” it said.

Starbucks also announced it was consolidating its communications and corporate affairs teams.

(This story has been corrected to change the day to Friday in paragraph 1 and to say that it is consolidating its communications and corporate affairs teams, not its marketing teams, in paragraph 10)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Stock market today: S&P 500, Dow in fresh record close as Netflix shines
next post
Brazil stocks lower at close of trade; Bovespa down 0.22%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

      May 16, 2025
    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

      May 16, 2025
    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (465)
    • Stock (6,426)

    Latest News

    • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

    Popular News

    • Emmerson shares jump 29% after securing $11 mln litigation funding agreement
    • California agency boosts reporting requirements for autonomous vehicle incidents

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy