Brian Niccol
Brian R. Niccol | |
|---|---|
| Born | August 16, 1974 Orange County, U.S. |
| Nationality | American |
| Education | Miami University (BA) University of Chicago (MBA) |
| Occupation | CEO of Chipotle |
Brian R. Niccol is the chief executive officer of Chipotle Mexican Grill. On August 13, 2024, he was named as the CEO of Starbucks, replacing Laxman Narasimhan, and will be leaving his current position at Chipotle on August 31, 2024.[1][2][3]
Education
Niccol has an undergraduate degree from Miami University and an MBA from the University of Chicago's Booth School of Business.[4]
Career
Niccol is the incoming Chairman and chief executive officer of Starbucks.[5][6][7] Niccol will replace Mellody Hobson as the chairman and Laxman Narasimhan as the CEO.[2] On the day of the announcement, shares of Starbucks grew by over 20%.[5]
Prior to joining Starbucks, Niccol was the CEO of Chipotle Mexican Grill since 2018.[8] During his tenure, he helped double Chipotle's revenue while its profits increased almost seven times. The stock price of Chipotle has increased by almost eight times under Niccol. Niccol also increased salaries for Chipotle's retail staff as also expanding employee benefits.[1][6][7]
Niccol was the CEO of Taco Bell prior to joining as the CEO of Chipotle where he replaced its founder, Steve Ells.[9]
Recognitions
Niccol was on Bloomberg’s The Bloomberg 50[10] and Fortune’s Businessperson of the Year, both in 2019. He was also on the University of Chicago Booth School of Business’s Distinguished Alumni list in 2020 and EatingWell’s American Food Heroes list in 2021.[4]
References
- ^ a b "Starbucks names Brian Niccol as Chairman and Chief Executive Officer". starbucks.com. Starbucks. 13 August 2024. Archived from the original on 13 August 2024. Retrieved 14 August 2024.
- ^ a b Heeter, Maria; Meyer, Gregory; Fontanella-Khan, James (13 August 2024). "Starbucks ousts chief and appoints Chipotle boss after activist pressure". ft.com. The Financial Times. Archived from the original on 14 August 2024. Retrieved 14 August 2024.
- ^ Sirtori, Daniela (13 August 2024). "Starbucks Ousts CEO and Taps Chipotle's Brian Niccol as Boss". bloomberg.com. Bloomberg. Archived from the original on 14 August 2024. Retrieved 14 August 2024.
- ^ a b "Meet Niccol Brian, the new CEO of Starbucks: All you need to know". economictimes.indiatimes.com. The Economic Times. 13 August 2024. Archived from the original on 14 August 2024. Retrieved 14 August 2024.
- ^ a b Gregg, Aaron; Telford, Taylor (13 August 2024). "Starbucks forces out CEO, brings in Chipotle's Brian Niccol". washingtonpost.com. The Washington Post. Retrieved 14 August 2024.
- ^ a b Herbst-Bayliss, Svea; Vanaik, Granth; Cunningham, Waylon (13 August 2024). "Starbucks taps Chipotle's Niccol as CEO in surprise move, shares soar". reuters.com. Reuters. Retrieved 14 August 2024.
- ^ a b Lucas, Amelia; Goswami, Rohan (13 August 2024). "Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol". cnbc.com. CNBC. Archived from the original on 13 August 2024. Retrieved 14 August 2024.
- ^ Haddon, Heather (13 August 2024). "Starbucks Ousts CEO, Names Chipotle Boss as Replacement". wsj.com. The Wall Street Journal. Archived from the original on 13 August 2024. Retrieved 14 August 2024.
- ^ Lagatta, Eric (13 August 2024). "Chipotle CEO Brian Niccol taking over as Starbucks chief executive; Narasimhan steps down". usatoday.com. USA Today. Archived from the original on 14 August 2024. Retrieved 14 August 2024.
- ^ "The Bloomberg 50". bloomberg.com. Bloomberg. 4 December 2019. Archived from the original on 8 December 2019. Retrieved 14 August 2024.