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March 5, 2025

Starbucks brings in new CFO as part of turnaround strategy

By DEE-ANN DURBIN
AP Business Writer

Starbucks named a new chief financial officer on Tuesday as part of a larger turnaround strategy.

Cathy Smith, who has been Nordstrom's CFO since 2023, will join Starbucks in the next month, Starbucks Chairman and CEO Brian Niccol said in a letter to employees. Smith previously served as the chief financial officer of Target and Walmart International.


 
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