Brian Niccol, 50, who joined Starbucks in September 2023 from Chipotle Mexican Grill, also received a $5 million sign-on bonus just a month into his role, as revealed in company filings.
Starbucks is a pioneer of the “second wave” coffee movement, with its origins in Seattle near the famous Pike Place Market. Starbucks stock price has seen tremendous growth since its 1992 IPO.