Starbucks CEO Steps Down, Chipotle CEO to Take Over

Starbucks CEO Laxman Narasimhan steps down, effective immediately, as Chipotle’s Brian Niccol set to take reins in September.

A sign outside of the Starbucks headquarters is seen at Starbucks Center in Seattle, Wash., on July 3, 2024. David Ryder/Getty Images

Starbucks Corporation announced Laxman Narasimhan is stepping down from his role as CEO and as a member of the Starbucks board after one year on the job, effective immediately.

The company said in a statement on Aug. 13 that Brian Niccol, the current head of Chipotle Mexican Grill, will take over as chairman and chief executive officer, effective Sept. 9.