Starbucks Hires Nordstrom's Cathy Smith as Chief Financial Officer

Dow Jones

03-04

By Colin Kellaher

Starbucks is replacing its top finance executive, plucking Nordstrom finance chief Cathy Smith from the department-store chain, which is going private.

Starbucks on Tuesday said Smith will join as executive vice president and chief financial officer at a date to be determined, replacing Rachel Ruggeri, who has been in the post since 2021.

Nordstrom said Smith, who has been chief financial officer since May 2023, will step down after the company files its fiscal 2024 annual report, anticipated within the next month.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 04, 2025 08:53 ET (13:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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