American Daddy Trader
  • Politics
  • Business
  • Stock
  • Editor’s Pick
  • Politics
  • Business
  • Stock
  • Editor’s Pick

American Daddy Trader

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
The Best Five Sectors, #9
next post
‘Squad’ member delivers real-time whiteboard responses to Trump: ‘No king!’

You may also like

Trump Media shares plunge after company files to...

April 16, 2024

Court rejects Boeing plea deal tied to 737...

December 7, 2024

Airbus could prioritize deliveries to non-U.S. customers if...

February 21, 2025

United Airlines adds Thailand, Vietnam and Australia flights...

April 3, 2025

TikTok says ban would cost U.S. small businesses...

December 10, 2024

USPS resumes shipments from China in abrupt about-face

February 6, 2025

Former Starbucks CEO says company needs to revamp...

May 7, 2024

Bitcoin approaches all-time high after surpassing $65,000

March 5, 2024

Macy’s says employee hid up to $154 million...

November 26, 2024

December home sales slump to close out their...

January 25, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • ‘Maine’s Mamdani’: Maine GOP chief issues warning about new challenger looking to oust Susan Collins

      August 22, 2025
    • Federal judge rules Trump appointee Alina Habba is unlawfully serving as US attorney

      August 22, 2025
    • Pentagon unveils new medal for troops deployed in Trump’s southern border crackdown

      August 22, 2025
    • Zelenskyy seeks ‘strong reaction’ from US if Putin is not ready for bilateral meeting

      August 22, 2025
    • Trump administration wins Supreme Court fight to slash NIH medical research grants tied to DEI, LGBTQ studies

      August 22, 2025

    Archives

    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024

    Categories

    • Business
    • Editor's Pick
    • Politics
    • Stock
    • Uncategorized
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 americandaddytrader.com | All Rights Reserved