In the realm of all things coffee, the global giant Starbucks has brewed up some major news by announcing a change in its executive lineup. The aromatic blend of talent at the top is set to get a new infusion as Nordstrom executive Cathy Smith prepares to take the reins as the Chief Financial Officer in April 2025.

The shift comes as Starbucks bids farewell to its long-serving CFO, Rachel Ruggeri, who has been a cornerstone of the US coffee chain for close to two decades. Smith, with her extensive experience in the retail realm, having worked with renowned brands like Target and Walmart, brings a wealth of knowledge and a track record of success to her new role.

Starbucks CEO Brian Niccol expressed his enthusiasm about Smith’s appointment, highlighting her expertise in retail, global operations, and driving business turnarounds. Niccol also commended Ruggeri for her integral role in shaping Starbucks’ journey, praising her leadership qualities and commitment to the company’s culture.

Ruggeri’s legacy at Starbucks traces back to 2001 when she first joined the company as Director of Finance, steadily climbing the ranks to become CFO in 2021. Her departure marks another significant change in leadership under Niccol’s tenure, as the CEO aims to revitalize the company’s performance and enhance customer experiences.

The shuffle in Starbucks’ executive suite follows a series of departures, signaling a strategic shift towards efficiency and growth. With a new CFO on board and a fresh perspective driving the coffee giant forward, the aroma of change is in the air as Starbucks steams ahead into its next chapter of growth and innovation in the competitive coffee landscape.