For Starbucks Corp., its primary home is Seattle. Yet the new CEO isn’t living in the same city or even state as its headquarters — an emerging trend of top leaders living a plane ride away at a ti…
Brian Niccol, named the chairman and chief executive officer of Starbucks on Aug. 13, 2024, is shown during an interview on June 9, 2015, in New York. Yet its freshly minted chief executive officer isn’t living in the same city or even state as its headquarters — an emerging trend of top leaders living a plane ride away at a time when many employees are seeing less flexibility than before.
Both executives have agreed to commute frequently for their role. Starbucks will allow Niccol to use its corporate plane, and Victoria’s Secret will cover Super’s travel expenses. Niccol, who moved Chipotle’s headquarters from Denver, isn’t following precedent at Starbucks. The coffee chain’s previous CEO, Laxman Narasimhan, relocated to Seattle from the UK. Niccol will spend the majority of his time at the Seattle headquarters, according to a Starbucks spokesperson.
At Victoria’s Secret, Super isn’t the first or only senior executive at her company to be based outside of Ohio. The company’s brand president and head of design both live in New York.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to fundsRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Read more »
Fortress CEOs: Dallas can be the new capital of capitalCo-CEOs of Fortress Investment Group support the new Texas Stock Exchange. The time, the place and the vision are right. It is time to protect and enshrine...
Read more »
Industrial equipment maker IDEX to buy Mott Corp for $1 billionIndustrial equipment maker IDEX to buy Mott Corp for $1 billion
Read more »
The Resilience Gold Standard: Why CEOs Should Think Like OlympiansI lead Accenture Strategy and serve on the firm's Global Management Committee. Previously, I led the company's global energy business, and as a Senior Managing Director, I served on Accenture’s Global Leadership Council. In addition, I sponsor Accenture’s work in Energy with the World Economic Forum and the World Energy Council.
Read more »
Salesforce and Workday CEOs explain their new joint AI ventureIn a Wednesday interview with CNBC's Jim Cramer, the CEOs of Salesforce and Workday discussed their companies' new partnership.
Read more »
Salesforce and Workday CEOs explain their new joint AI ventureIn a Wednesday interview with CNBC’s Jim Cramer, the CEOs of Salesforce and Workday discussed their companies’ new partnership.
Read more »