Coffee Giant Hires New CFO

UNITED STATES

Patrick Grismer has joined Starbucks as the coffee company’s new chief financial officer.

Grismer comes to Starbucks after serving as c.f.o. for Hyatt’s Hotels Corporation. He previously served with Yum! Brands (the parent company to KFC, Pizza Hut and Taco Bell) and The Walt Disney Company. He started with Starbucks Nov. 30.

“As a seasoned c.f.o. 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.”