Starbucksâ Founder Replacing Its Chief
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Starbucks said that its founder and chairman, Howard Schultz, will replace Jim Donald as chief executive and lead a major restructuring initiative.
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James E. Cayne will step down as chief executive after the steepest losses in the companyâs history. He will be succeeded by Alan D. Schwartz.
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NestlÃ©, the food and drinks company, nominated the head of its business in the Americas to succeed Peter Brabeck-Letmathe as chief executive.
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Target Corp. said Wednesday that President Gregg Steinhafel would take over for retiring CEO Bob Ulrich, a long-expected handoff that comes just as the nation's second-largest retailer hits a rough patch.
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SEATTLE -- Starbucks has lost its soul and does not know where to find it.
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There are two Howard Schultzes. One loves the smaller, more personal chain that Starbucks once was. The other understands Wall Streetsâ needs.
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JC Penney Co. Inc. named a former chairman and chief executive of Macy&#39;s to lead the department store company, replacing Allen Questrom.
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Starbucks Corp.  on Tuesday  promoted the head of its international business to the new post  of chief operating officer, part of a slew of management  changes focused on the rapid global development of the  U.S.-based coffee shop chain.
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Krispy Kreme Doughnuts Inc  said on Monday that President and Chief Executive Daryl Brewster resigned for personal reasons and will be replaced by Chairman James Morgan.
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Starbucks Corp. (SBUX.O: Quote, Profile, Research) on Tuesday said its chief executive, Orin Smith, will retire next year, surprising investors, who sent the coffee shop chain&#39;s shares lower in after-hours trading.
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NEW YORK -- PepsiCo Inc. said Monday that Chief Executive Indra K. Nooyi will assume the additional title of chairwoman of the soft drink and snack food company. As its CEO, she was already one of the highest ranked women leaders in corporate America.
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JC Penney said yesterday that Allen I. Questrom, the chief executive who has restyled the once-beleaguered chain into a sleeker and more profitable entity, would be succeeded by Myron E. Ullman III, another longtime retail executive.
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A new face in the boardroom heralds change for the troubled company.
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Starbucks Corp  replaced  CEO Jim Donald with founder and Chairman Howard Schultz and  said it would slow an aggressive U.S. expansion in a shake-up  that sent its battered shares up nearly 9 percent.
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Global fast food giant McDonald's is to get its second new CEO in seven months, as the current chief steps down to fight cancer.
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PepsiCo Inc.  on Monday named  President and Chief Financial Officer Indra Nooyi as chief  executive, effective October 1, succeeding Steve Reinemund, who  plans to retire next May.
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Embattled McDonald&#39;s has lost its second CEO in the past year after Charlie Bell resigned today to continue his battle with cancer.