Starbucks replaces CEO after just 17 months, turns to Chipotle leader

Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job, to be replaced by Chipotle's CEO for the last six years.

Starbucks replaces CEO after just 17 months, turns to Chipotle leader
A logo for Starbucks is shown on the side of an urban building.

Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job, to be replaced by Chipotle's CEO for the last six years.