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Starbucks revives COO position [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Starbucks promoted Mike Grams to chief operating officer on Wednesday, according to a filing with the Securities and Exchange Commission. He was previously executive vice president, North American chief coffeehouse officer. In 2022, the company dissolved the role , which led to the departure of John Culver. The return of a COO is part of the chain's ongoing transformation strategy to boost sales and traffic and improve the overall coffeehouse experience. That's still a work in progress as the chain reported its fifth consecutive decline in traffic and same-store sales in North America for its fiscal Q2 2025. Starbucks' transformation strategy has led to several shifts in the C-suite to “bring teams closer together, strengthen leadership accountability and allow teams to move with even greater clarity and urgency,” CEO Brian Niccol said in a note to employees. Earlier this year, Starbucks hired Cathy Smith as CFO , replacing Rachel Ruggeri. Last year, the chain eliminated Starbu
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