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Starbucks is disrupting its top management team, including appointing additional CEOs to oversee specific regions.
The coffee giant announced Monday that it has created a new role as CEO of North America and named Michael Conway, a 13-year Starbucks veteran, to the role. Conway currently serves as group president of international and channel development.
Starbucks has named two new CEOs to lead specific regions. (image/image)
Starbucks also plans to promote Brady Brewer, chief marketing officer who has been with the company for 20 years, to CEO of Starbucks International.
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Mr. Brewer will oversee several regions, including Asia Pacific. Europe, middle east And Africa. Japan; Latin America and the Caribbean.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| SBUX | Starbucks Corporation | 91.01 | +0.89 | +0.99% |
Chairman Belinda Wong and Molly Liu will continue to serve as co-CEOs of Starbucks’ China team.
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“We are making significant progress on our two-pump Triple Shot transformation plan,” Starbucks CEO Laxman Narasimhan said in a statement announcing the move.
Laxman Narasimhan at a Starbucks event in New York City
“To further accelerate progress in line with our goals, we have a clear geographic focus and functional capabilities to scale globally, generate productivity and reinvigorate our partner culture,” said Narasimhan. “We are realigning our organization to balance our investments in
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The change in leadership will take effect on April 1.
