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Starbucks’ current CFO, Patrick Grismer, is set to retire Feb. 1 Starbucks promoted Rachel Ruggeri, who currently serves as senior vice president of finance, Americas, to executive vice president and chief financial officer, effective Feb. 1, the company announced on Thursday. Ruggeri will replace current chief financial officer, Patrick Grismer, who is retiring from the company on Feb. 1, but will serve as an advisor to CEO Kevin Johnson through May 2. “I want to thank Pat for his leadership and his many contributions to Starbucks through this period of unprecedented change and tra...

Updated Jan. 7, 2021 11:22 am ET Starbucks Corp. named a 16-year company veteran as its new finance chief as it works to recover from the coronavirus pandemic, which hurt its sales across the globe. Rachel Ruggeri, who returned to Starbucks in June last year after a two-year stint as chief financial officer of bakery products company Continental Mills Inc. will take over its finances Feb. 1, the Seattle-based coffee chain said Thursday. Current CFO Patrick Grismer, who joined Starbucks as finance chief from Hyatt Hotels Corp. in late 2018, will re...

By Reuters Staff 2 Min Read FILE PHOTO: A Starbucks logo is pictured on the door of the Green Apron Delivery Service at the Empire State Building in the Manhattan borough of New York, U.S. June 1, 2016. REUTERS/Carlo Allegri/File Photo (Reuters) - Starbucks Corp said on Thursday long-time executive Rachel Ruggeri would take charge as chief financial officer next month, replacing Patrick Grismer who will be retiring. Ruggeri, senior vice president of finance in the Americas, worked with Grismer in her current role, where she was responsible for planning and performance cafes across the region....

Starbucks names Rachel Ruggeri as its third CFO in as many years Anne Riley Moffat, Bloomberg News Shane Obata discusses Starbucks Starbucks Corp.’s top finance officer will retire after a little more than two years in the role, paving the way for another female CFO in the S&P 500. Rachel Ruggeri, senior vice president of finance for the Americas, will become chief financial officer on Feb. 1. The company’s third finance chief in as many years, she replaces Patrick Grismer, 58, who will remain an adviser through May 2, the coffee giant said in a statement. Key Insights Ruggeri, 51, ...

Starbucks: Rachel Ruggeri To Succeed Grismer As EVP & CFO; Affirms Guidance SEATTLE (dpa-AFX) - Starbucks Corporation (SBUX) announced that Patrick Grismer has decided to retire as executive vice president and chief financial officer, effective February 1, 2021. Rachel Ruggeri, senior vice president of Finance, Americas, will succeed Grismer as executive vice president and CFO, effective February 1, 2021. Grismer will remain with the company as an advisor to Johnson through May 2, 2021. Also, Starbucks reaffirmed its guidance for first quarter and the fiscal 2021. 'Our overall business momen...