Brian Niccol is the newly appointed CEO of Starbucks, find out what is his net worth, salary and more about him and his career below
Brian Niccol will take up the new role after previously serving as the CEO of Chipotle.
Who is Brian Niccol CEO of Starbucks, bio, age, family, wife, education, salary and net worth
Niccol will come in as a replacement for Laxman Narasimhan, who resigned as the CEO after Starbucks faced a 3% decline in global sales for a year under his leadership.
Meanwhile, under Niccolโs leadership, Chipotle underwent an astonishing 800% revenue growth.
Salary and net worth
Brian Niccol has an estimated net worth of between $100 (โน839 crore) to $120 million (โน1,000 crore). Most of his earnings came from his salary, his stock options, his performance-based bonuses, and investments. During his time as the CEO of Chipotle, Brian Niccol eared a substantial base salary worth $1.25 million. He earned a total of around $38 million (โน318 crore) in 2023.
Niccol’s annual salary at Starbucks will be $1.6m and he has the opportunity to earn up to $23m worth of share-based bonuses each year along with $7.2 million additional in cash bonus.
Starbucks announced that it will offer new CEO Brian Niccol roughly $113 million in total compensation and this includes a $10 million sign-on fees.
Brian Niccol bio
Brian R. Niccol is an American businessman and newly appointed chief executive officer of Starbucks who was born on August 16, 1974, in Orange County, California, USA. He is currently 50 years old and will take up the role starting on September 9, 2024. Brian previously served as chairman and CEO of another popular brand, Chipotle, up until August 31, 2024. Brian is a prominent figure in the food industry and has an impressive track record to prove his success.
Education
Brian Niccol graduated from Miami University in 1996 with an undergraduate degree. He later obtained an MBA from the University of Chicago Booth School of Business.
Wife
Brian Niccol is currently married to Jennifer Niccol.
Career and achievements
Brian Niccol started out his career at Procter & Gamble, where he worked for a decade, before joining Pizza Hut. While at Pizza Hut Niccol worked in various executive roles between the years 2005 and 2011. He later joined Taco bell from 2011 to early 2018, where he served in various roles including Chief Marketing and Innovation Officer, President, as well as the CEO.
Niccol was also a board member at Walmart Inc. with various positions on the boards of KB Home and Harley-Davidson. Brian Niccol eventually joined Chipotle in 2018 and became the Chairman of the Board by March of 2020. Throughout his time there, he achieved several accolades, including winning the Bloombergโs โPeople Who Defined 2019โ and the Comparablyโs โBest CEOsโ that same year.
Niccol also won the โBusinessperson of the Yearโ award by Fortune in 2019. Niccol will officially end his tenure at Chipotle, on August 31, 2024, and start his new role on September 9, 2024.