Liza Amlani’s Post

While not entirely unexpected, the replacement of Laxman Narasimhan as Starbucks CEO, appeared sudden. The twist is that the exit came amid a covert boardroom maneuver that has unfolded over the past four months. In April, a very trouble earnings report – which included an unusual drop in same store sales – spooked investors. It sharpened scrutiny on Narasimhan’s leadership and led the board to secretly orchestrated a change. The board was right to act. After all, their job is to hold the CEO to account and to guide the company. But many of the same board were strong advocates for Narasimhan in the first place, which raises some questions about their decision making. Narasimhan is talented and, by all accounts, he is a good person to work for. But he came from the CPG world, with little experience in foodservice. So why make the appointment in the first place? This raises an interesting question. Should firms be headed by people who are expert or skilled in the industry, or can hires from outside be beneficial? There is no one universal answer, of course. But there are interesting patterns in retail. Stephanie Linnartz, who came from the world of hotels, had a short-lived tenure at Under Armour. Express appointed the former CEO of meat firm, Tyson, as its CEO. Both retailers are on the rocks. But then you have Richard Dickson of Gap and Gina Boswell of Bath & Body Works (though both admittedly came from sectors which are very consumer centric, and Dickson has worked in retail before) who seem to be doing a good job. More on the Starbucks' leadership drama in the FT article linked in the comments. #retail #retailnews #foodservice #leadership #decisionmaking #CEO

Here's a clip of my conversation with Greg Creed former CEO of Yum! Brands and the former CMO of Taco Bell. Without a doubt one of the most transformational leaders in both the food and marketing industries. Under his leadership, the Yum! Brands portfolio experienced exponential growth. In just five years, the number of stores surged from 43,000 to an impressive 50,000. Stock prices doubled, jumping from $50 to $100, while sales skyrocketed from 3% to an astounding 8%. Notably, Taco Bell alone saw its annual sales surge from $6 billion to a remarkable $10 billion. Throughout his career, Greg championed innovation across every facet of the business and achieved off-the-chart business growth by defying conventional marketing norms and actively nurturing a team of, in his own words, 'mavericks and misfits.' [TO WATCH THE FULL INTERVIEW, CLICK ON THE LINK IN THE COMMENTS]. Insightful, full of wisdom and fun! #Marketing #Innovation #Culture #foodinnovation #foodindustry

Will this BIG NEWS soon be a case study on #SuccessionPlanning? Starbucks just announced a new CEO replacing their current CEO Laxman Narasimhan who took over from Howard Schultz in 2023. Let us not forget that Howard founded and led the company since 1987 before handing the reigns to Laxman Narasimhan. Today, after <2 years since nominating Laxman in the ceo position, here is how the transition is announced on their official website a few hours ago — 𝘓𝘢𝘹𝘮𝘢𝘯 𝘕𝘢𝘳𝘢𝘴𝘪𝘮𝘩𝘢𝘯 𝘪𝘴 𝘴𝘵𝘦𝘱𝘱𝘪𝘯𝘨 𝘥𝘰𝘸𝘯 𝘧𝘳𝘰𝘮 𝘩𝘪𝘴 𝘳𝘰𝘭𝘦 𝘢𝘴 𝘤𝘦𝘰 𝘢𝘯𝘥 𝘢𝘴 𝘢 𝘮𝘦𝘮𝘣𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘚𝘵𝘢𝘳𝘣𝘶𝘤𝘬𝘴 𝘣𝘰𝘢𝘳𝘥 𝘸𝘪𝘵𝘩 𝘪𝘮𝘮𝘦𝘥𝘪𝘢𝘵𝘦 𝘦𝘧𝘧𝘦𝘤𝘵. 𝘋𝘶𝘳𝘪𝘯𝘨 𝘩𝘪𝘴 𝘵𝘦𝘯𝘶𝘳𝘦, 𝘩𝘦 𝘪𝘮𝘱𝘳𝘰𝘷𝘦𝘥 𝘵𝘩𝘦 𝘚𝘵𝘢𝘳𝘣𝘶𝘤𝘬𝘴 𝘱𝘢𝘳𝘵𝘯𝘦𝘳 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦, 𝘥𝘳𝘰𝘷𝘦 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 𝘪𝘯 𝘰𝘶𝘳 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯, 𝘢𝘯𝘥 𝘦𝘯𝘩𝘢𝘯𝘤𝘦𝘥 𝘰𝘶𝘳 𝘴𝘵𝘰𝘳𝘦 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘴. 𝘐𝘯 𝘵𝘩𝘦 𝘧𝘢𝘤𝘦 𝘰𝘧 𝘴𝘰𝘮𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘩𝘦𝘢𝘥𝘸𝘪𝘯𝘥𝘴, 𝘓𝘢𝘹𝘮𝘢𝘯 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘭𝘢𝘴𝘦𝘳 𝘧𝘰𝘤𝘶𝘴𝘦𝘥 𝘰𝘯 𝘪𝘮𝘱𝘳𝘰𝘷𝘪𝘯𝘨 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘵𝘰 𝘮𝘦𝘦𝘵 𝘵𝘩𝘦 𝘯𝘦𝘦𝘥𝘴 𝘰𝘧 𝘰𝘶𝘳 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴 𝘢𝘯𝘥 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘞𝘦 𝘢𝘭𝘭 𝘸𝘪𝘴𝘩 𝘩𝘪𝘮 𝘵𝘩𝘦 𝘷𝘦𝘳𝘺 𝘣𝘦𝘴𝘵 𝘢𝘯𝘥 𝘬𝘯𝘰𝘸 𝘩𝘦 𝘸𝘪𝘭𝘭 𝘥𝘰 𝘨𝘳𝘦𝘢𝘵 𝘵𝘩𝘪𝘯𝘨𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦. So who is taking over from Laxman Narasimhan now? Brian Niccol is named the new CEO Here is how Howard Schultz described the new leader, "𝘏𝘢𝘷𝘪𝘯𝘨 𝘧𝘰𝘭𝘭𝘰𝘸𝘦𝘥 𝘉𝘳𝘪𝘢𝘯’𝘴 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘢𝘯𝘥 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘫𝘰𝘶𝘳𝘯𝘦𝘺 𝘢𝘵 𝘊𝘩𝘪𝘱𝘰𝘵𝘭𝘦, 𝘐’𝘷𝘦 𝘭𝘰𝘯𝘨 𝘢𝘥𝘮𝘪𝘳𝘦𝘥 𝘩𝘪𝘴 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘪𝘮𝘱𝘢𝘤𝘵. 𝘏𝘪𝘴 𝘳𝘦𝘵𝘢𝘪𝘭 𝘦𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘤𝘦 𝘢𝘯𝘥 𝘵𝘳𝘢𝘤𝘬 𝘳𝘦𝘤𝘰𝘳𝘥 𝘪𝘯 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘪𝘯𝘨 𝘦𝘹𝘵𝘳𝘢𝘰𝘳𝘥𝘪𝘯𝘢𝘳𝘺 𝘴𝘩𝘢𝘳𝘦𝘩𝘰𝘭𝘥𝘦𝘳 𝘷𝘢𝘭𝘶𝘦 𝘳𝘦𝘤𝘰𝘨𝘯𝘪𝘻𝘦𝘴 𝘵𝘩𝘦 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘩𝘶𝘮𝘢𝘯 𝘦𝘭𝘦𝘮𝘦𝘯𝘵 𝘪𝘵 𝘵𝘢𝘬𝘦𝘴 𝘵𝘰 𝘭𝘦𝘢𝘥 𝘢 𝘤𝘶𝘭𝘵𝘶𝘳𝘦 𝘢𝘯𝘥 𝘷𝘢𝘭𝘶𝘦𝘴 𝘥𝘳𝘪𝘷𝘦𝘯 𝘦𝘯𝘵𝘦𝘳𝘱𝘳𝘪𝘴𝘦. 𝘐 𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘦 𝘪𝘴 𝘵𝘩𝘦 𝘭𝘦𝘢𝘥𝘦𝘳 𝘚𝘵𝘢𝘳𝘣𝘶𝘤𝘬𝘴 𝘯𝘦𝘦𝘥𝘴 𝘢𝘵 𝘢 𝘱𝘪𝘷𝘰𝘵𝘢𝘭 𝘮𝘰𝘮𝘦𝘯𝘵 𝘪𝘯 𝘪𝘵𝘴 𝘩𝘪𝘴𝘵𝘰𝘳𝘺. 𝘏𝘦 𝘩𝘢𝘴 𝘮𝘺 𝘳𝘦𝘴𝘱𝘦𝘤𝘵 𝘢𝘯𝘥 𝘧𝘶𝘭𝘭 𝘴𝘶𝘱𝘱𝘰𝘳𝘵.” Let us wish the teams and partners of Starbucks a smooth and successful transition. What are your thoughts on this announcement? Let me know in the comments. Follow Swaroop, ACC, SHRM-SCP for more such content. If you wish to receive notifications of my future posts, open my profile and click on the bell icon. #Leadership #CEO #TraceYourMastery Trace Your Mastery ™

Emmanuel Etsu, thank you for sharing your insight! I also asked Destine’e Stuck about how PepsiCo mitigates risks associated with raw material sourcing and manages fluctuations in commodity prices and it was important for me to learn that PepsiCo emphasizes the importance of monitoring commodity markets closely and conducting risk assessments to identify potential supply chain vulnerabilities. By understanding commodity market dynamics, a company can adjust its sourcing strategies and respond proactively to price changes....#FritoLayPepsiCo #smithschoolofbusiness #supplychain

#leadership #spotlight : Destine’e Stuck , Vice President of Supply, Growth and Commercialization at PepsiCo ✨🌟 Today I had the opportunity to attend a Leadership Speaker Series event at the Smith School of Business, featuring Destinee Stuck, Vice President of Supply, Growth and Commercialization at Frito-Lay. You were inspiring and informative, and I learned a lot about PepsiCo's success, and its operations. 🎯📈 One of the key takeaways for me was the importance of putting the consumer first. 🎧👂 PepsiCo has achieved its success by focusing on the needs of its consumers, and you shared a number of examples of how the company does this, such as conducting regular market research, using data and analytics to understand create rhythm with consumer behavior, and investing in technology and innovation to develop products, efficient processes and services that meet the needs of consumers. 💡📱 Emphasis on the importance of teamwork and collaboration at PepsiCo was also shared. 🤝👫 It is immeasurable how your company has a culture of support and value, and that employees are encouraged to work together to achieve great feats and common goals. 🏆🏅 This commitment to teamwork and collaboration is evident in PepsiCo's success, and it is something that I believe the University of Maryland - Robert H. Smith School of Business models very well. 🤝📚 ”I wish my team wins, always, across and without limit”. 🙏💪 This promise daily turns out to be inevitable, with each passing day at the Smith School of Business. This network that we build is as strong as the very united bricks that form the fortresses of the hallowed walls of the Van Munching Halls. 🏛️ 🧱 One connection after another, is how we win, how we lead Fearlessly forward. 🦁🦅 I am grateful for the opportunity to have attended this event and to have learned more about what you do. I have great confidence that you will continue to lead fearlessly. 👑👑 Michael Onyekatu Brad Gideon Caetano Efandy Gomes Pinto Mohit Bhardwaj, PMP Sankalp Samuntula William Honore Rohan Samuel Victor #SupplyChainManagement #SupplyChain #Logistics #SCM #UMDSCM #SupplyChainPro #SupplyChainLeader #SupplyChainInnovation #GlobalSupplyChain #EndToEndSupplyChain #Business #Industry #Manufacturing #Retail #ConsumerGoods #FoodAndBeverage #Healthcare #Technology #Leadership #Innovation #Teamwork #Collaboration #Mentorship #Supervision #ConsumerFirst #CustomerCentric #CustomerSatisfaction #CustomerSuccess #FritoLayPepsiCo #SmithSchoolOfBusiness

𝐖𝐡𝐲 𝐃𝐨𝐦𝐚𝐢𝐧 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞 𝐢𝐬 𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥: 𝐋𝐞𝐬𝐬𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐒𝐭𝐚𝐫𝐛𝐮𝐜𝐤𝐬' 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐒𝐡𝐢𝐟𝐭 The recent leadership change at Starbucks highlights a critical lesson for businesses: domain expertise matters. When Laxman Narasimhan, a seasoned generalist from Reckitt Benckiser, took over as CEO, Starbucks faced challenges that exposed the limits of his non-domain experience. Despite his impressive resume, the lack of deep-rooted experience in the food and retail sector led to a rocky tenure. Contrast this with the appointment of Brian Niccol, a food industry veteran known for turning around Chipotle during its crisis years. Niccol's expertise in the restaurant sector earned him a lucrative $100 million package—reflecting the immense value placed on his domain knowledge. In today’s complex business environment, generalists may offer broad perspectives, but when it comes to steering specialized industries, nothing replaces the depth and insight that come from hands-on experience within the domain. #Leadership #DomainExpertise #BusinessStrategy #Starbucks #FoodIndustry #LeadershipLessons #ExecutiveLeadership

Howard Schultz, who stepped down as CEO of Starbucks for the third time last year, continues to wield significant influence over the company through a lifelong chair emeritus role that allows him to attend board meetings and enjoy various perks. Despite having a successor, Schultz’s ongoing involvement—exemplified by his 19% stake in Partanna, which supplies Starbucks with olive oil for its Oleato drinks, and the use of his private jet for corporate purposes—reflects a reluctance to fully relinquish control. This persistent presence has raised concerns about weak corporate governance and poor succession planning, with Schultz often acting as a de facto CEO by critiquing the company's performance and influencing major decisions. This governance structure, where the former CEO's shadow looms large over the current leadership, hampers Starbucks' ability to adapt and thrive in a competitive market, potentially jeopardizing its long-term success. #Starbucks #HowardSchultz #CorporateGovernance #Leadership #BusinessStrategy #SuccessionPlanning #MarketChallenges #CorporateInfluence #ShareholderConcerns #CoffeeIndustry

Leadership Shake-Up at Starbucks Starbucks has announced a significant leadership change, with Brian Niccol, former CEO of Chipotle, set to replace Laxman Narasimhan as CEO, effective September 9, 2024. This strategic move comes amid declining sales and growing investor concerns, marking a critical moment for the coffee giant. What does this mean for Starbucks’ future? Dive into our in-depth analysis and explore the potential impact of this change. Read the full story here: www.foremedia.tv/news #LeadershipChange #Starbucks #BrianNiccol #CorporateStrategy #BusinessNews #ForeMediaNews

Starbucks Gets a Caffeine Boost!.. It seems the market likes the entry of a new CEO.. Wow! Starbucks stock just got a major caffeine rush, jumping 22% after announcing a new CEO. Investors are clearly excited about the new leadership. New Leadership Announcement: Starbucks has appointed Brian Niccol as the new Chairman and Chief Executive Officer, effective September 9, 2024. Niccol, who previously served as Chairman and CEO of Chipotle, is known for his transformative leadership and innovative strategies. Interim Leadership: Until Niccol officially takes over, Rachel Ruggeri, Starbucks’ Chief Financial Officer, will serve as interim CEO Mellody Hobson, the current board chair, will become the lead independent director Outgoing CEO: Laxman Narasimhan has stepped down from his role as CEO and board member with immediate effect. During his tenure, Narasimhan focused on improving the partner experience, driving supply chain innovation, and enhancing store operations Niccol’s Vision for Starbucks: Niccol aims to leverage his experience to drive growth and enhance the Starbucks experience for both customers and partners. His tenure at Chipotle saw significant growth, with revenue nearly doubling and profits increasing sevenfold1. Compensation and Relocation: Niccol’s compensation package is substantial, potentially exceeding $100 million in his first year. Interestingly, he will not be required to relocate from his home in California to Seattle Could this be a sign of big things to come for the coffee giant? Let's see how this plays out. #Starbucks #newCEO #stockmarket #businessnews #coffee What do you think how this will change the dynamics of Starbucks? Follow our page to stay informed and updated on the latest business news and leadership changes

Starbucks' new CEO shares his golden rule for business success!! 🤗 Starbucks Corporation recently announced the appointment of Brian Niccol as its new Chief Executive Officer. Niccol brings a proven track record of success from his tenure as CEO of Chipotle Mexican Grill, where he demonstrated exceptional leadership in driving growth and innovation. Niccol briefed that The best business advice I’ve ever received is simple: “Don’t be afraid to ask questions.” Curiosity has been a cornerstone of my career, driving innovation and problem-solving. As I step into my new role at Starbucks, I'm excited to foster a culture of inquiry and learning. It's through thoughtful questions that we uncover new opportunities.. Right?? Niccol's emphasis on curiosity aligns with the core values of many successful organizations. By fostering a culture of inquiry and exploration, businesses can unlock new insights, improve decision making, and enhance their ability to adapt to changing market conditions. Found this interesting??? Follow Jugl for more business tips #leadership #businessadvice #curiosity #starbucks #newbeginnings