Starbucks Shockingly Moved on From Its New CEO. You'll Never Believe Who His Replacement Is.

Is this the company's first step to restoring lost luster to the brand?Early on Aug. 13 -- before I even started sipping my second cup of coffee -- Starbucks (SBUX 21.19%) shockingly announced that it hired Brian Niccol as its new CEO. Niccol has been CEO of Chipotle Mexican Grill (CMG -11.99%) since 2018. Shares of Starbucks soared on the news and I don't believe it's an overreaction in the least.Starbucks stock had been down roughly 40% from highs reached in 2021 and I (mostly) fault management. In Septem ...