Starbucks will allow its next CEO, Brian Niccol, to commute from his home in Southern California and give him the option to fly the company’s corporate jet.
The coffee chain said in a filing with the Securities and Exchange Commission that Nicol “is not required to relocate” to Seattle and has agreed to “commute from his home to the company’s headquarters (and undertake other travel)” as necessary to perform his duties and responsibilities.
Nicol, the former Chipotle chief executive, will take over as CEO and chairman of Starbucks on September 9, succeeding Lakshman Narasimhan.
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According to the filing, once he takes on the role, he will be able to use Starbucks aircraft to “travel between his residence and the company’s headquarters in Seattle.”
Seattle is more than 1,100 miles away from where Nicole currently lives.
According to the filing, Nicol will also be allowed to use corporate aircraft for “business-related travel in accordance with the company’s travel policy” and “personal travel up to $250,000 per year in accordance with company policies.”
Starbucks told Fox Business that Nicol will use the company’s Seattle headquarters as his main office, working there three days a week when he’s not traveling for work, and that his time in the office will follow the company’s hybrid work policy.
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According to Starbucks’ SEC filing, Nicol will set up a “small remote office” in Newport Beach, California, and the company will work with him to set it up and run it.
The company also told Fox Business that Nicol will be primarily visiting stores and other locations related to Starbucks’ business, as well as being at the company’s headquarters. Starbucks said Nicol will also have a residence in the city.
Prior to being named CEO of Starbucks, Nicol led Newport Beach-based Chipotle for nearly six years. When Starbucks announced his appointment last week, Nicol expressed excitement about joining the company.
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“I have long admired Starbucks’ iconic brand, unique culture and commitment to strengthening connections between people around the world,” said Nicol. “As we embark on this journey, I am inspired by the tremendous potential to drive growth and further elevate the Starbucks experience for our customers and partners while staying true to our mission and values.”
Chipotle has named Chief Operating Officer Scott Boatright as interim CEO.
