management

Leadership

Starbucks plucks Yahoo's CMO to be its new chief brand officer

Tressie Lieberman, who has worked with Chipotle, Taco Bell and Pizza Hut, will oversee marketing for the coffee shop giant.

Financing

The pandemic accelerated Americans' move away from cash

People still use cash, particularly those who are older or have lower incomes. But the pandemic drove a major shift toward credit and debit cards, according to the U.S. Federal Reserve.

The fast-food sandwich chain also said that Jeff Baker is returning to the chain as chief marketing officer.

Executive Summary: Also, new hires from Mo’Bettahs, Cajun Steamer, Bartolotta Restaurants and Artistry Restaurants.

Michael Conway, who was promoted to the position at the coffee shop giant only last March, plans to retire from the company at the end of November. The company is also planning to hire a chief brand officer.

Ed Nelson guided the venerable Texas-based burger chain through its transition to new ownership and the pandemic. He now prepares to hand over control to Debbie Stroud.

The coffee shop chain’s new CEO, on his second day in the job, is promising improvements to operations and marketing. “We’re getting back to Starbucks.”

The Bottom Line: Red Lobster and Topgolf were both acquired by companies outside the restaurant industry. Those companies have learned just how competitive the business is.

Nearly a quarter of public restaurant companies have hired new chief executives this year amid weak sales and stock price performance.

Several restaurant companies removed chief executives so far in 2024. Some of them more than once. Here’s a look at them.

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