Overview

• Brian Niccol replaces Laxman Narasimhan as Starbucks CEO, also taking on the role of chairman.
• Niccol's leadership at Chipotle is credited with significant turnarounds, boosting investor confidence.
• Starbucks faces declining sales in the U.S. and China, supply chain issues, and labor disputes.
• Niccol's compensation package is valued at $113 million, making him one of the highest-paid CEOs in America.
• The company is shifting from its 'third place' model to drive-through and pickup-only locations, sparking mixed reactions among customers.