Starbucks Appoints New CFO Cathy Smith to Boost Turnaround Efforts
2025-03-04
The Associated Press
As part of its ongoing turnaround strategy, Starbucks is bringing in a new finance chief, Cathy Smith, who will join the company in the next month. With her extensive experience as CFO of Nordstrom, Target, and Walmart International, Smith is expected to play a key role in driving the company's financial growth and stability. Her appointment is seen as a significant move to revitalize the brand and improve its financial performance, leveraging her expertise in retail finance and management. This strategic move is likely to impact the company's future prospects and investor confidence, as it navigates the competitive coffee market and focuses on digital transformation and customer experience.
