Starbucks Stirs Up Leadership For Worldwide Expansion: Details
Portfolio Pulse from Shivani Kumaresan
Starbucks Corp (NASDAQ:SBUX) is restructuring its leadership to support global expansion, aiming for 55,000 stores worldwide. Michael Conway is appointed as CEO, North America, and Brady Brewer as CEO, Starbucks International. The company plans to open three-quarters of new stores outside the U.S. and is also introducing new executive roles to enhance its global and product strategy.
March 19, 2024 | 2:54 pm
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Starbucks Corp announces leadership changes and strategic roles to support its global expansion, with a goal of 55,000 stores worldwide. The company's stock is trading higher by 0.80% at $91.74.
The restructuring and strategic appointments at Starbucks are aimed at supporting its ambitious global expansion plans. The introduction of new leadership roles, particularly for North America and International operations, underscores the company's commitment to growing its global footprint and enhancing its product offerings. This strategic move is likely to be viewed positively by investors, as evidenced by the stock's positive price action, indicating optimism about Starbucks' growth prospects and operational efficiency improvements.
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