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Starbucks CEO Is Replaced by Brian Niccol, Who Stepped in at Chipotle When the Chain Was in Distress

SEATTLE — Starbucks, struggling with fading sales and disgruntled investors, said Tuesday it's replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Narasimhan, who spent a little more than a year leading Starbucks, will step down immediately, the Seattle coffee giant said. Niccol will become Starbucks'...

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