Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Starbucks shuffles top brass, names new operating chief
    Finance

    Starbucks shuffles top brass, names new operating chief

    Published by Global Banking & Finance Review®

    Posted on June 4, 2025

    2 min read

    Last updated: January 23, 2026

    Starbucks shuffles top brass, names new operating chief - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:AppointmentCompensationmanagement

    Quick Summary

    Starbucks promotes Mike Grams to COO as part of a leadership reshuffle to boost performance and return to coffeehouse roots under CEO Brian Niccol.

    Starbucks shuffles top brass, names new operating chief

    By Ananya Mariam Rajesh

    (Reuters) -Starbucks on Wednesday promoted its North America chief coffeehouse officer Mike Grams to chief operating officer as part of a leadership reshuffle aimed at boosting performance.

    This is the latest in a series of moves from CEO Brian Niccol, who took over the top job last year and has said he wants to return Starbucks to its coffee house roots.

    Niccol has promised a simpler menu and Starbucks cafes going back to ceramic cups, offering refills and condiment bars, while also reducing wait times to under four minutes. He has also cut back on the company's deals and discounts, seeking instead to broaden its marketing beyond loyalty program members.

    "... our performance isn't yet where we want it to be," Niccol said in a statement on Wednesday, adding, "We're making additional organizational changes to help bring teams closer together, strengthen leadership accountability, and allow teams to move with even greater clarity and urgency."

    In April, the coffee giant reported disappointing global comparable sales and profit for the second quarter, as inflation and economic uncertainty increased costs and dampened U.S. demand.

    The company hired a new finance boss in March, tapping retail industry veteran Cathy Smith for the role. This followed an announcement in January that Starbucks' North America president Sara Trilling and chief supply chain officer Arthur Valdez would leave.

    Trilling's role was then split, and Grams had assumed the position of chief coffeehouse officer. In addition to leading the company's cafes in North America, Grams will now oversee global coffeehouse development and supply chain operations, Niccol said in the statement.

    Grams and Niccol are both former Taco Bell executives.

    Starbucks said Grams' base salary will now be $900,000 per year, up from $700,000 per year. His annual incentive bonus target has been increased to 125% of his base salary from 100%.

    (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Mohammed Safi Shamsi and Sayantani Ghosh)

    Key Takeaways

    • •Starbucks promotes Mike Grams to COO.
    • •CEO Brian Niccol aims to boost performance.
    • •Focus on returning to coffeehouse roots.
    • •Organizational changes to enhance clarity.
    • •Global operations to be overseen by Grams.

    Frequently Asked Questions about Starbucks shuffles top brass, names new operating chief

    1Who has been promoted to chief operating officer at Starbucks?

    Mike Grams, the North America chief coffeehouse officer, has been promoted to chief operating officer.

    2What changes is CEO Brian Niccol implementing at Starbucks?

    Brian Niccol is focusing on returning Starbucks to its coffeehouse roots, simplifying the menu, and reducing wait times.

    3What financial challenges did Starbucks face recently?

    Starbucks reported disappointing global comparable sales and profit for the second quarter due to inflation and economic uncertainty.

    4What is Mike Grams' new salary as COO?

    Mike Grams' base salary has been increased to $900,000 per year, up from $700,000.

    5What organizational changes has Starbucks made recently?

    Starbucks has made several organizational changes, including hiring a new finance boss and splitting the role of North America president.

    More from Finance

    Explore more articles in the Finance category

    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    View All Finance Posts
    Previous Finance PostTrading Day: Teflon stocks glide higher
    Next Finance PostExclusive-Ukraine hit fewer Russian planes than it estimated, US officials say