SEATTLE--(BUSINESS WIRE)--
Starbucks Corporation (NASDAQ: SBUX) today announced Patrick Grismer has
been appointed executive vice president and chief financial officer
(cfo). Reporting to Kevin Johnson, Starbucks president and chief
executive officer, Grismer succeeds Scott Maw, who will retire on
November 30. Maw will remain a senior consultant through March 2019 to
ensure a smooth transition, with Grismer joining the company on November
12 and assuming the role of cfo on November 30.
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Patrick Grismer has been appointed Starbucks executive vice president and chief financial officer (cfo). (Photo: Business Wire)
Grismer is an accomplished finance executive, bringing to Starbucks
significant leadership experience at global, consumer-facing growth
companies, including more than 25 years combined at Hyatt Hotels
Corporation, Yum! Brands (parent company to KFC, Pizza Hut and Taco
Bell) and The Walt Disney Company.
Grismer joins Starbucks from his current position as cfo of Hyatt, which
he has held since joining the company in March 2016. In this role, he
was responsible for all facets of the global finance function, as well
as corporate strategy, asset management, construction, procurement and
shared services.
“As a seasoned cfo of multiple global, consumer-facing growth companies,
Pat brings tremendous finance expertise, a customer-centric mindset and
a wealth of restaurant industry experience to Starbucks,” said Kevin
Johnson, Starbucks president and chief executive officer. “Pat will be a
fantastic addition to the team, and I look forward to partnering with
him as we continue to execute against our strategic priorities and drive
strong financial performance.”
Prior to Hyatt, Grismer held a variety of leadership positions at Yum!
Brands over 14 years, including cfo. Before Yum! Brands, Grismer served
in a number of finance and strategy positions at The Walt Disney Company
over a ten-year period, including vice president of business planning
and development for The Disneyland Resort. Grismer began his career as a
management consultant with Price Waterhouse.
Grismer earned a Bachelor of Science degree in Business Administration
from the University of Southern California, a Master of Business
Administration degree from Northwestern University's Kellogg Graduate
School of Management and became a Certified Public Accountant in the
State of California.
“I am very excited to join Starbucks and feel privileged to be part of
the team responsible for leading this iconic, global company. I have
always admired the Starbucks brand and values, and I look forward to
working with Kevin and the leadership team to help lead the company into
its next phase of growth,” said Grismer.
About Starbucks
Since 1971, Starbucks Coffee Company has
been committed to ethically sourcing and roasting high-quality arabica
coffee. Today, with stores around the globe, the company is the premier
roaster and retailer of specialty coffee in the world. Through our
unwavering commitment to excellence and our guiding principles, we bring
the unique Starbucks Experience to life for every customer
through every cup. To share in the experience please visit us in our
stores, online at Starbucks.com and
through the Starbucks Newsroom.
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Starbucks Coffee Company
press@starbucks.com
(206)
318 7100
Source: Starbucks Coffee Company