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Starbucks

81.50

+0.74000.92%

Post-market: 81.690.1853+0.23%19:59 EDT

Volume:9.79M

Turnover:800.14M

Market Cap:92.58B

PE:26.29

High:82.55

Open:81.25

Low:81.20

Close:80.76

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Overview Company News Filings

Starbucks (NasdaqGS:SBUX) Welcomes New CFO Cathy R. Smith From Nordstrom

Simply Wall St.

Best Stock to Buy Right Now: Dutch Bros vs. Starbucks

Starbucks (SBUX) Gets a Buy from Barclays

Bernstein Sticks to Its Buy Rating for Starbucks (SBUX)

Goldman Sachs Remains a Buy on Starbucks (SBUX)

PRESS DIGEST - Wall Street Journal - March 5

ANALYSIS-Starbucks's China comeback relies on right partner, brewing back the vibe

Sector Update: Consumer Stocks Decline in Afternoon Trading

MT Newswires Live

Starbucks (SBUX) Announces the Departure of Its CFO

KKR (NYSE:KKR) Partners With Boston Scientific And Ajax Health In US$4B Venture To Tackle Heart Failure

Simply Wall St.

Starbucks Hires Nordstrom CFO Cathy Smith in Same Role

Exclusive- Elliott Nominates Seven Directors at Phillips 66, Ratcheting up Pressure Amid Campaign for Changes, Sources Say

THOMSON REUTERS

EXCLUSIVE-Elliott nominates 7 directors at Phillips 66, ratchets up pressure

Top Midday Stories: Target, Best Buy Flag Looming Tariff-Related Price Increases; Walgreens Nears $10 Billion Go-Private Deal with Sycamore

MT Newswires Live

William Blair Remains a Hold on Starbucks (SBUX)

Starbucks brings in new finance chief as part of turnaround strategy

Associated Press Finance

Starbucks CFO Rachel Ruggeri leaves as the chain continues to attempt a turnaround

Starbucks Taps Nordstrom's Cathy Smith As CFO -- MarketWatch

Nordstrom delivers better-than-anticipated earnings and revenue in Q4

Starbucks Names New CFO -- Market Talk

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Its shares tumbled past 12%.Target  reported better-than-expected fiscal Q4 results on Tuesday, but the retailer said it expects uncertainties related to consumer spending and tariffs to weigh on its profit in the ongoing three-month period. Its shares fell 3.4%.Starbucks  said Tuesday that department store chain Nordstrom's  Chief Financial Officer Cathy Smith will join the coffee giant as its finance chief next month. 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Ruggeri is a 20-y...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/starbucks-sbux-annouces-the-departure-of-its-cfo?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/starbucks-sbux-annouces-the-departure-of-its-cfo?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4588","BK4504","SBUX","IE00B3T34201.USD","BK4209","LU0882574139.USD","BK4535","BK4585","LU0823411888.USD"],"gpt_icon":0},{"id":"2517604222","title":"KKR (NYSE:KKR) Partners With Boston Scientific And Ajax Health In US$4B Venture To Tackle Heart Failure","url":"https://stock-news.laohu8.com/highlight/detail?id=2517604222","media":"Simply Wall St.","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517604222?lang=en_us&edition=fundamental","pubTime":"2025-03-05 01:19","pubTimestamp":1741108770,"startTime":"0","endTime":"0","summary":"Last week, Ajax Health announced the formation of FlowMod, a new venture in collaboration with Boston Scientific Corporation and KKR, aimed at developing a heart failure treatment system. This significant partnership likely influenced KKR's stock, which saw a 1% price increase amidst a general market decline. KKR's involvement in high-growth healthcare through its strategic growth fund highlights its focus on promising health initiatives. While this news brought positive attention, the broader market environment was challenging, with major indices, including the Dow Jones and S&P 500, experiencing a 2.5% drop due to investor concerns surrounding newly imposed tariffs. Despite these market headwinds, KKR's resilience could suggest investor confidence in its strategic healthcare investments, which complemented interest in potential acquisitions, such as its rumored pursuit of a stake in Starbucks' China business. Overall, these developments amid market turbulence illustrate KKR's positio","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/kkr-nyse-kkr-partners-boston-171930139.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4209","BK4135","LU1061106388.HKD","LU1791710582.SGD","LU0353189763.USD","LU0130102774.USD","LU0353189680.USD","LU2362540622.SGD","BK4581","LU1935043023.USD","BK4504","LU0187121727.USD","LU1057294990.SGD","LU0528227936.USD","LU0823417653.USD","LU2491049909.HKD","LU0345769128.USD","LU2491050071.SGD","LU2324357040.USD","LU0648001328.SGD","LU1935042488.USD","LU1935042991.SGD","IE0002141913.USD","LU2506951875.HKD","LU0823417737.USD","LU1791807156.HKD","LU2242649171.HKD","LU0823411888.USD","LU0267386448.USD","IE00BGHQF748.EUR","LU0980610538.SGD","LU1791710400.SGD","LU1023059063.AUD","IE00BJT1NW94.SGD","LU2244417387.USD","LU2506951958.HKD","BK4535","BSX","LU1718418525.SGD","LU0251132253.USD","LU0122379950.USD","KKR","SBUX","LU0011850046.USD","IE00B4R5TH58.HKD","IE00B3T34201.USD","LU1804176565.USD","NYSE","LU0266013472.USD","LU1668664300.SGD"],"gpt_icon":0},{"id":"2517460422","title":"Starbucks Hires Nordstrom CFO Cathy Smith in Same Role","url":"https://stock-news.laohu8.com/highlight/detail?id=2517460422","media":"MT Newswires","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517460422?lang=en_us&edition=fundamental","pubTime":"2025-03-05 01:02","pubTimestamp":1741107753,"startTime":"0","endTime":"0","summary":"Starbucks  said Tuesday that department store chain Nordstrom's  chief financial officer, Cathy Smith, will join the coffee giant as its finance chief next month.Smith's appointment comes as Starbucks current finance head Rachel Ruggeri is leaving. Smith has previously served as CFO of Target  and Walmart  International.\"Cathy brings incredible knowledge and extensive experience in retail, global operations, and turnaround success,\" Starbucks Chief Executive Brian Niccol said in a message posted on the company's website. \"I'm excited to partner with her as we continue our work on the Back to Starbucks plan.\". Ruggeri will \"spend some time assisting with the transition,\" Niccol said.Shares of Starbucks fell 1.4% in Tuesday trade.Nordstrom, which late last year agreed to be taken private, didn't immediately respond to MT Newswires' emailed request for comment.Late last month, Starbucks said it was cutting 1,100 non-retail support partner roles and eliminating \"several hundred\" unfilled p","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/starbucks-hires-nordstrom-cfo-cathy-170233187.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1814569148.SGD","LU0289960550.SGD","TGT","LU1066051225.USD","BK4209","LU2471134952.CNY","LU0211327993.USD","LU0149725797.USD","LU2361044865.SGD","IE00B3T34201.USD","BK4114","LU2360032135.SGD","LU2361045086.USD","LU0310800965.SGD","LU0882574139.USD","JWN","LU2750360997.AUD","BK4534","LU1066051811.HKD","LU1116320737.USD","LU2125154778.USD","LU0417517546.SGD","BK4588","LU2430703178.SGD","LU2125154935.USD","BK4532","LU1430594728.SGD","LU2237443382.USD","LU0265550946.USD","LU1244550494.USD","LU2237443978.SGD","IE000M9KFDE8.USD","BK4581","BK4585","LU0256863811.USD","BK4533","LU2471134796.USD","LU1035773651.USD","SBUX","LU0823411888.USD","LU2264538146.SGD","LU0640476718.USD","BK4597","LU2361044949.HKD","LU2430703095.HKD","BK4535","LU2505996509.AUD","LU2237443549.SGD","LU1280957306.USD"],"gpt_icon":1},{"id":"2517601388","title":"Exclusive- Elliott Nominates Seven Directors at Phillips 66, Ratcheting up Pressure Amid Campaign for Changes, Sources Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2517601388","media":"THOMSON REUTERS","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517601388?lang=en_us&edition=fundamental","pubTime":"2025-03-05 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nominates 7 directors at Phillips 66, ratchets up pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2517260158","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517260158?lang=en_us&edition=fundamental","pubTime":"2025-03-05 01:00","pubTimestamp":1741107600,"startTime":"0","endTime":"0","summary":"EXCLUSIVE-Elliott nominates 7 directors at Phillips 66, ratchets up pressureElliott nominates 7 directors, including John Pike who is leading the campaignElliott criticizes Phillips 66 governanceProposes plans to let directors stand for election every year By Svea Herbst-Bayliss","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250304:nL2N3PN062:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4504","SG9999014575.USD","NRG","SG9999015358.SGD","COP","LU2133065610.SGD","LU2125154935.USD","BK4008","LU0122376428.USD","LU0630314457.HKD","LU1201861249.SGD","IE00BGHQF524.EUR","XOM","LU1582987597.SGD","LU2462611646.USD","LU0300736492.USD","SG9999014559.SGD","BK4585","MPC","IE00B7SZLL34.SGD","LU0942090050.USD","BK4081","BK4534","IE00BSNM7G36.USD","SG9999002232.USD","LU2602419157.SGD","LU0433182093.SGD","LU1839511570.USD","LU0648000940.SGD","PSX","LU0256863811.USD","LUV","LU0368265418.SGD","SG9999002521.SGD","LU0985489474.SGD","SG9999014567.USD","IE0002270589.USD","LU0149725797.USD","LU1066051498.USD","LU2498475776.HKD","LU2430703251.USD","SBUX","LU1718418525.SGD","LU0648001328.SGD","BK4550","LU0345780950.USD","HES","IE00B2Q91V27.USD","IE00B3T34201.USD","LU0612318385.USD"],"gpt_icon":0},{"id":"2517601820","title":"Top Midday Stories: Target, Best Buy Flag Looming Tariff-Related Price Increases; Walgreens Nears $10 Billion Go-Private Deal with Sycamore","url":"https://stock-news.laohu8.com/highlight/detail?id=2517601820","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517601820?lang=en_us&edition=fundamental","pubTime":"2025-03-05 00:56","pubTimestamp":1741107372,"startTime":"0","endTime":"0","summary":"All three major US stock indexes were down around midday trading Tuesday as President Donald Trump's tariffs on trade partners took effect and prompted reprisals, stoking concerns over the state of th","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"2a766cf94f4d97799c21ebb6a241c957","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0942090050.USD","LU0823414478.USD","BK4114","BK4567","BK4206","BK4155","LU0742537680.HKD","LU1839511570.USD","BBY","LU2471134796.USD","LU0731783394.SGD","BK4548","IE00B3PB1722.GBP","IE00BVYPNV92.GBP","LU1066051225.USD","WBA.AU","BLK","LU2063271972.USD","BK4076","BLK.AU","TSYW.SI","LU0310800965.SGD","LU1244550577.SGD","IE00B42XCP33.USD","BK4550","BK4533","LU2430703251.USD","LU2602419157.SGD","LU1201861249.SGD","WBA","BK4504","LU2237443382.USD","LU2360106780.USD","LU2326559502.SGD","BK4534","LU2750360997.AUD","LU2756315664.SGD","LU1481011671.HKD","IE00BSNM7G36.USD","HON","JWN","LU1674673428.USD","IE00B3T34201.USD","LU2471134879.HKD","BK4585","BK4581","LU0323591593.USD","IE00BDGV0183.EUR","SBUX"],"gpt_icon":1},{"id":"2517606037","title":"William Blair Remains a Hold on Starbucks (SBUX)","url":"https://stock-news.laohu8.com/highlight/detail?id=2517606037","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517606037?lang=en_us&edition=fundamental","pubTime":"2025-03-05 00:05","pubTimestamp":1741104359,"startTime":"0","endTime":"0","summary":"In a report released today, Sharon Zackfia from William Blair reiterated a Hold rating on Starbucks (SBUX – Research Report). The company’s shares ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/william-blair-remains-a-hold-on-starbucks-sbux?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/william-blair-remains-a-hold-on-starbucks-sbux?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4209","BK4585","LU0882574139.USD","BK4504","SBUX","LU0823411888.USD","BK4588","IE00B3T34201.USD","BK4535"],"gpt_icon":0},{"id":"2516087356","title":"Starbucks brings in new finance chief as part of turnaround strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=2516087356","media":"Associated Press Finance","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516087356?lang=en_us&edition=fundamental","pubTime":"2025-03-04 23:18","pubTimestamp":1741101493,"startTime":"0","endTime":"0","summary":"Starbucks named a new chief financial officer on Tuesday as part of a larger turnaround strategy.Cathy Smith, who has been Nordstrom’s CFO since 2023, will join Starbucks in the next month, Starbucks Chairman and CEO Brian Niccol said in a letter to employees. Smith previously served as the chief financial officer of Target and Walmart International.Smith will replace Rachel Ruggeri, who is leaving the company. Niccol said Smith brings extensive experience in retail, global operations and corporate turnarounds.Ruggeri will stay at Starbucks for a period of time to assist with the transition, he said..“Over her nearly 20 years at Starbucks, Rachel has held many important roles, always leading with integrity, a focus on results and a strong belief in the importance of our culture,” Niccol wrote.He said Smith brings extensive experience in retail, global operations and corporate turnarounds.Niccol is trying to reinvigorate Starbucks' sluggish sales with faster service times, a less compli","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/starbucks-brings-finance-chief-part-151813202.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4535","LU0882574139.USD","BK4588","IE00B3T34201.USD","BK4585","SBUX","BK4504","BK4209","LU0823411888.USD"],"gpt_icon":0},{"id":"2516467738","title":"Starbucks CFO Rachel Ruggeri leaves as the chain continues to attempt a turnaround","url":"https://stock-news.laohu8.com/highlight/detail?id=2516467738","media":"Yahoo Finance","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516467738?lang=en_us&edition=fundamental","pubTime":"2025-03-04 22:31","pubTimestamp":1741098672,"startTime":"0","endTime":"0","summary":"Starbucks CFO Rachel Ruggeri is exiting stage left as CEO Brian Niccol continues to shake up the company.On Tuesday, Niccol shared that 20-year veteran Ruggeri plans to leave the company in a letter to employees. While no end date was specified, Ruggeri will stay on in the near term to help with the transition.Taking her spot is retail veteran Cathy Smith, who has been Nordstrom's CFO since 2023 and previously served as CFO for Target and Walmart International.This is the latest C-Suite change following Niccol taking the helm on Sept.9.Ruggeri served as interim CEO following the departure of previous CEO Laxman Narasimhan.Earlier in 2025, Starbucks named longtime Taco Bell executive Mike Grams as chief stores officer and former Taco Bell executive Meredith Sandland as chief store development officer. Most recently, Sandland served as CEO of delivery meal company Empower Delivery.With that announcement, Sara Trilling, who served as president of Starbucks North America, left the company.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/starbucks-cfo-rachel-ruggeri-leaves-as-the-chain-continues-to-attempt-a-turnaround-143112935.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Starbucks CFO Rachel Ruggeri leaves as the chain continues to attempt a turnaround","news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4535","BK4209","LU0882574139.USD","BK4585","BK4504","BK4588","LU0823411888.USD","SBUX","IE00B3T34201.USD"],"gpt_icon":1},{"id":"2516670946","title":"Starbucks Taps Nordstrom's Cathy Smith As CFO -- MarketWatch","url":"https://stock-news.laohu8.com/highlight/detail?id=2516670946","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516670946?lang=en_us&edition=fundamental","pubTime":"2025-03-04 22:28","pubTimestamp":1741098480,"startTime":"0","endTime":"0","summary":"Starbucks Corp.  has appointed Cathy Smith as the company's chief financial officer and executive vice president, the coffee chain announced in a filing Tuesday.The company said that Smith is joining Starbucks from Nordstrom Inc. , where she has served as chief financial officer, executive vice president and treasurer since 2023.Smith joins Starbucks in the middle of the company's turnaround plan under new Chief Executive Brian Niccol. Last month the company said it is cutting 1,100 support partner roles as part of an effort to streamline operations.Read more: Nordstrom posts better-than-expected earnings ahead of going-private transaction. On Tuesday Starbucks also announced that Rachel Ruggeri would no longer serve as the company's CFO, executive vice president, principal financial officer and principal accounting officer. Ruggeri's separation from the company meets the conditions of the \"without cause\" provisions of Starbucks' executive severance and change-in-control plan, the comp","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4209","LU0823411888.USD","BK4585","IE00B3T34201.USD","BK4504","JWN","BK4535","BK4103","BK4588","SBUX","BK4220","LU0882574139.USD"],"gpt_icon":0},{"id":"2516674756","title":"Nordstrom delivers better-than-anticipated earnings and revenue in Q4","url":"https://stock-news.laohu8.com/highlight/detail?id=2516674756","media":"Investing.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516674756?lang=en_us&edition=fundamental","pubTime":"2025-03-04 22:14","pubTimestamp":1741097657,"startTime":"0","endTime":"0","summary":"Investing.com -- Nordstrom  reported better-than-expected earnings and revenue for the fourth quarter of fiscal 2024.The luxury department store operator reported earnings per share  of $1.10, ahead of the consensus estimate of $0.92. The company's revenue for the period totaled $4.32 billion, while analysts projected $4.27 billion.Sales for the Nordstrom brand came in at $2.76 billion, just shy of the $2.77 billion estimate, while Nordstrom Rack generated $1.45 billion, surpassing the forecast of $1.43 billion.Nordstrom reported adjusted EBITDA of$382 million, missing the consensus estimate of $397.5 million.Meanwhile, gross margin stood at 37.3%, outperforming the consensus estimate of 35.2%.\"Customers responded positively to the strength of our offering across both banners in the fourth quarter,\" said Erik Nordstrom, CEO of Nordstrom.\"We maintained the momentum we built throughout the year, which resulted in full-year sales and profitability coming in at the high end of our expectat","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/nordstrom-delivers-better-anticipated-earnings-141417137.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["JWN","SBUX"],"gpt_icon":0},{"id":"2516671737","title":"Starbucks Names New CFO -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2516671737","media":"Dow Jones","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516671737?lang=en_us&edition=fundamental","pubTime":"2025-03-04 22:00","pubTimestamp":1741096800,"startTime":"0","endTime":"0","summary":"0859 ET - Starbucks is in a period of change, including at its executive level. The company says it is appointing a new head of finance, Cathy R. Smith, previously at Nordstrom, Target and Walmart. Longtime CFO and Starbucks executive Rachel Ruggeri is leaving the company, and will assist in the transition, CEO Brian Niccol says. 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