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Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress

FILE - 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. (AP Photo/Mark Lennihan, File)

FILE - 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. (AP Photo/Mark Lennihan, File)

FILE - A Starbucks mermaid logo sign is displayed on a store, May 29, 2024, in Salem, N.H. (AP Photo/Charles Krupa, File)

FILE - A Starbucks mermaid logo sign is displayed on a store, May 29, 2024, in Salem, N.H. (AP Photo/Charles Krupa, File)

File - Laxman Narasimhan, who is stepping down as CEO of Starbucks on Aug. 13, 2024, speaks at Starbucks Investor Day, Sept.13, 2022, in Seattle. (AP Photo/Stephen Brashear, File)

File - Laxman Narasimhan, who is stepping down as CEO of Starbucks on Aug. 13, 2024, speaks at Starbucks Investor Day, Sept.13, 2022, in Seattle. (AP Photo/Stephen Brashear, File)