Starbucks poaches Nordstrom CFO as executive shake-up continues

Executive Changes - Starbucks has appointed Cathy Smith, former CFO of Nordstrom, as the new chief financial officer, replacing Rachel Ruggeri [1][3] - This executive change follows the appointment of Brian Niccol as CEO in September, who aims to revitalize declining coffee sales [1][2] Leadership Transition - Cathy Smith brings extensive experience, having held CFO positions at various companies including Bright Health Group, Target, and Walmart International [3] - Rachel Ruggeri has been with Starbucks since 2001 and served as CFO since 2021; her departure is noted to be without cause, and she will assist in the transition [4] Company Strategy - The leadership changes are part of a broader strategy under CEO Brian Niccol, who has seen several key executives depart and others from his previous roles at Chipotle and Taco Bell join Starbucks [2]