This CEO earned Rs 797 crores in just 4 months from.., he gets a private jet for…

Starbucks had appointed Brian Niccol as the CEO of the company in August last year. Here is the amount he earned as remuneration in the last 4 months.

Starbucks CEO salary: Who all know that Starbucks is one of the most luxury food-beverage brands of the world but do we know how much the company actually earns? Starbucks had appointed Brian Niccol as the CEO of the company in August last year and now, reports have revealed that he earned a massive of $96 million (about Rs 796.8 crores) as compensation in the four months of his tenure.

The Bloomberg Pay Index indicates that Nicole has entered the ranks of the top 20 highest earning CEOs in the United States. The report states that his yearly compensation could amount to $113 million (approximately Rs 937.9 crores), which also encompasses equity benefits from his former employer, Chipotle Mexican Grill Inc.

Additionally, Starbucks has given Brian several luxury facilities Starbucks, including a  private jet on which Brian Niccol travels for his office purposes.

Starbucks has said that Brian Niccol, chief executive at Chipotle, would be the coffee chain’s new CEO — just over a year after current boss Laxman Narasimhan took over the role.

“Brian is a culture carrier who brings a wealth of experience and a proven track record of driving innovation and growth,” said Starbucks board chair Mellody Hobson in a statement as the company announced the leadership changes.

Niccol has served as Chipotle’s CEO since 2018

In naming him Starbucks’ new CEO, the company noted that his work at Chipotle had “driven significant growth and value creation,” citing revenue that has nearly doubled and rising profit.

Narasimhan, a veteran of PepsiCo and other consumer brands, had taken over the top spot in 2023 after a period working with longtime Starbucks CEO and interim boss Howard Schultz. The statement noted that Narasimhan, during his tenure, drove innovation in the brand’s supply chins and boosted its store operations.

Niccol stared his new role on September 9, with Starbucks chief financial officer Rachel Ruggeri serving as interim CEO until then.

(With inputs from agencies)