Executive Moves

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Topics: executive appointments business intelligence

Starbucks CEO Transition Marks New Chapter with Incoming Leadership

In a significant leadership change, Starbucks has announced that Brian Niccol, the current Chairman and CEO of Chipotle, will take over as its new Chairman and CEO, effective September 9, 2024. This move comes as Laxman Narasimhan steps down from his role after a challenging tenure that saw the coffee giant face declining sales and increasing pressure from activist investors.

Topics: Contracts executive appointments hiring CEO

Arch Insurance International Appoints Marie Penberthy as New CFO

Arch Insurance International has announced the appointment of Marie Penberthy as its new Chief Financial Officer (CFO), pending regulatory approval. Penberthy takes over from Kurt Kittinger, who has held the position since 2020. This strategic appointment is seen as a move to enhance the company’s financial management and support its ambitious growth plans.

Topics: Insurance executive appointments CFO

CIM and Michael Bickford Partner to Launch Round Hill Capital Ventures

CIM Group has announced a significant expansion in its European footprint through a strategic partnership with Michael Bickford to establish Round Hill Capital Ventures. This newly formed investment platform is set to manage a $2.1 billion portfolio, focusing predominantly on high-quality investment and development real estate in Europe.

Topics: Business expansion Mergers and Aquisitions Partnership