Starbucks Appoints Cathy Smith as New CFO, Rachel Ruggeri Departs

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Smith as its new executive vice president, chief financial officer, and principal financial officer, effective as of a future determined date. This follows the departure of Rachel Ruggeri, the current CFO, who will assist with the transition. Cathy Smith, previously CFO at Nordstrom, brings extensive experience in retail and global operations. The announcement was made via Regulation FD Disclosure.

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About Starbucks Corporation

Starbucks Corporation is a renowned global leader in the coffeehouse industry, offering a wide array of beverages including coffee, tea, and other specialty drinks, alongside complementary food items. The company operates retail locations worldwide, providing customers with a unique coffeehouse experience characterized by quality products and a welcoming atmosphere. Beyond its physical stores, Starbucks significantly impacts the coffee production industry, promoting sustainable sourcing and ethical supply chain practices. Its operations extend into grocery and convenience stores through products like ready-to-drink beverages and consumer-packaged coffee. Founded in 1971 and headquartered in Seattle, Washington, Starbucks Corporation is pivotal in shaping consumer beverage preferences and enhancing global coffee culture, influencing both retail and wholesale sectors.