Starbucks appoints Cathy Smith as CFO as Rachel Ruggeri departs

STARBUCKS CORP

Cathy Smith named EVP, CFO, effective date TBD; succeeds Rachel Ruggeri, who is leaving without cause.
Smith's base salary $925K, target bonus 125% of salary; $5M cash signing bonus for forfeited prior employer awards.
Smith receives replacement equity grant of $6.4M and FY2025 annual equity grant of $4.5M (60% PSUs, 40% RSUs).
Smith was CFO at Nordstrom, Target, and Walmart International; Ruggeri assisted transition after 20 years at Starbucks.
CEO Brian Niccol cites Smith's retail and turnaround experience for Back to Starbucks plan.

item 5.02 item 7.01 item 9.01

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Appointed

Cathy R. Smith

Executive Vice President, Chief Financial Officer

SBUX · STARBUCKS CORP

Filed: March 4, 2025, 6:59 PM ET

announced the appointment of Cathy R. Smith as executive vice president, chief financial officer

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Cathy R. Smith was appointed as Executive Vice President, Chief Financial Officer at STARBUCKS CORP.

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

announced the appointment of Cathy R. Smith as executive vice president, chief financial officer

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Source: SEC EDGAR

accession 0000829224-25-000016

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