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Fortune

Eleanor Pringle

Starbucks' interim CEO cashed in on $342,000 stock sale the day reshuffle was announced

Starbucks Rachel Ruggeri Howard Schultz Laxman Narasimhan Fortune

Interim Starbucks CEO Rachel Ruggeri (Credit: Starbucks)

It's been a busy couple of days for Rachel Ruggeri: She's been named the interim CEO of Starbucks and sold hundreds of thousands of dollars worth of stock in the coffee behemoth she now finds herself leading.

Ruggeri's sale is not, however, a reflection of her self-confidence.

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