By Sharon Smith | Business | March 10, 2025
In a move aimed at revitalizing its financial strategy, Starbucks has appointed Cathy Smith, former Chief Financial Officer (CFO) of Nordstrom, as its new CFO. She will be taking over from Rachel Ruggeri, signaling a shift in leadership as the global coffee giant navigates changing market dynamics.
Smith, who brings decades of experience from leading companies such as Bright Health Group and Target, will officially step into her role next month. Her appointment comes at a crucial time for Starbucks, which has faced mounting challenges, including fluctuating sales, labor disputes, and increased competition from both boutique coffee shops and fast-growing chains.
With a reputation for financial restructuring and corporate strategy, Smith is expected to play a key role in shaping Starbucks’ future. As the company works to adapt to evolving consumer preferences and economic shifts, her leadership could provide the necessary stability and vision to ensure continued global growth.
The coffee giant’s loyal customers and investors alike will be watching closely as Starbucks brews its next chapter.
WSJ – Starbucks Hires Nordstrom’s Cathy Smith as CFO
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