Starbucks announced on March 4, 2025, the appointment of Cathy Smith as its new Executive Vice President and Chief Financial Officer, replacing Rachel Ruggeri. Smith, who previously served as CFO of Nordstrom since 2023, will join Starbucks in the coming month.
Smith brings a wealth of experience in retail and corporate turnarounds, having also held CFO roles at Target and Walmart International. Her expertise is expected to be instrumental in supporting CEO Brian Niccol's 'Back to Starbucks' strategy, which focuses on reinvigorating sluggish sales and improving operational efficiency.
As part of her compensation, Smith will receive a $5 million cash signing bonus and a replacement equity grant valued at $6.4 million, along with an initial base salary of $925,000. This significant investment in financial leadership underscores the company's commitment to strengthening its executive team for the turnaround effort.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.