---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-200724"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:31:49.421862+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Starbucks appoints Chipotle CEO Brian Niccol as CEO and Chairman, effective Sept 9

## Summary
- Laxman Narasimhan steps down as CEO immediately; no disagreement cited.
- CFO Rachel Ruggeri serves as interim CEO until Niccol takes over.
- Niccol receives $1.6M base salary, 225% target bonus, $10M signing bonus, and $75M equity grant.
- Board Chair Mellody Hobson transitions to lead independent director.
- Niccol led Chipotle revenue doubling and stock ~800% gain since 2018.

## SEC filing metadata
- accession: 0001193125-24-200724
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000119312524200724/0001193125-24-200724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000119312524200724/d848513d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-200724
- JSON: https://secwatch.observer/filing/0001193125-24-200724.json
- Plain text: https://secwatch.observer/filing/0001193125-24-200724.txt

## Key facts
- Executive change
  Mellody Hobson was appointed as Lead Independent Director at STARBUCKS CORP.
  - Action: appointed
  - Role: Lead Independent Director
  source text: appointed Mellody Hobson, who is the current chairman of the Board, as lead independent director, effective on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000119312524200724/0001193125-24-200724-index.htm
- Executive change
  Brian Niccol was appointed as Chief Executive Officer and Chairman at STARBUCKS CORP.
  - Action: appointed
  - Role: Chief Executive Officer and Chairman
  source text: approved the appointment of Brian Niccol as chief executive officer of the Company and chairman of the Board, effective September 9, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000119312524200724/0001193125-24-200724-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.