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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Pay deal for new Starbucks CEO worth up to $113m

Brian Niccol Starbucks Chipotle Laxman Narasimhan
Brian Niccol and his wife, Jennifer, smile while looking at the camera
Starbucks has allowed Brian Niccol, pictured with his wife, Jennifer, to work from his home in California, and he will be allowed to use the company jet to travel to the HQ in Seattle. Photograph: Ryan Miller/Getty Images for Orange County Museum of Art

The new chief executive of Starbucks is in line for a sign-on pay package worth up to $113m (£88m), in one of the largest such executive deals in corporate history and which is four times larger than that of his predecessor.

The American coffee chain poached the boss of Chipotle Mexican Grill, Brian Niccol, naming him as its new chief executive this week in a surprise management shake-up, ousting Laxman Narasimhan from the job after just 17 months.

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