Blumer Tech
  • Tech News
  • Business
  • Stock
  • Politics
Business

Starbucks poaches Nordstrom CFO as executive shake-up continues

by admin March 4, 2025
March 4, 2025

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri.

The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning around slumping coffee sales.

So far, noteworthy departures during Niccol’s tenure have included the company’s North American CEO, North American president, chief supply officer and the former chair of the board. Meanwhile, many executives with ties to Niccol from his time leading Chipotle Mexican Grill and Yum Brands’ Taco Bell have joined the company.

Smith, 61, joins Starbucks after two years at Nordstrom, which is also based in Seattle and recently announced a $6.25 billion deal to go private. Throughout her decades-long career, Smith has also served as CFO for Bright Health Group, Target, Express Scripts, Walmart International, GameStop, Centex, Kennametal, Textron and Raytheon.

Smith is expected to start next month, Niccol wrote in a letter to employees.

Ruggeri has served as chief financial officer for Starbucks since 2021. Excluding two brief stints at other companies, she has worked at the coffee chain since 2001.

“I’m personally grateful for the partnership we’ve had over the last 6 months since I joined Starbucks,” Niccol said in the letter. “Thank you, Rachel, for all you have done for our business, our culture and our partners.”

Her departure is without cause, the company said in a regulatory filing. Ruggeri will stick around to help with Smith’s transition into the role, according to Niccol.

This post appeared first on NBC NEWS
previous post
How a $5 million fix turned Paramount Pictures’ ‘Sonic’ into a billion-dollar franchise
next post
S&P 500 Selloff: Bearish Rotation & Key Downside Targets!

You may also like

Tariffs and weaker beer demand are weighing on...

July 3, 2025

Microsoft laying off about 9,000 employees in latest...

July 3, 2025

Apple sues former Vision Pro employee for allegedly...

July 2, 2025

As his feud with Trump reignites, Musk’s business...

July 2, 2025

Lululemon sues Costco over selling alleged dupes

July 1, 2025

Amazon extends Prime Day discounts to 4 days...

July 9, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Waymo offers teen accounts for driverless rides

July 8, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Essence Fest leads a summer of events for...

July 4, 2025

Tariffs and weaker beer demand are weighing on...

July 3, 2025

Microsoft laying off about 9,000 employees in latest...

July 3, 2025

Apple sues former Vision Pro employee for allegedly...

July 2, 2025

As his feud with Trump reignites, Musk’s business...

July 2, 2025

Lululemon sues Costco over selling alleged dupes

July 1, 2025

Amazon extends Prime Day discounts to 4 days...

July 9, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Waymo offers teen accounts for driverless rides

July 8, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Essence Fest leads a summer of events for...

July 4, 2025

    Join The Exclusive Subscription Today And Get Premium Articles For Free.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time.

    Tech News

    • Want Faster, Lower Risk Trades? Use This Setup

      July 10, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 10, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 10, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 10, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 blumertech.com | All Rights Reserved

    Blumer Tech
    • Tech News
    • Business
    • Stock
    • Politics