Canada: Starbucks CEO Laxman Narasimhan is stepping down after just over a year. Brian Niccol, the CEO of Chipotle, will take over as Starbucks’s new chairman and CEO on September 9. Narasimhan’s departure comes amid weak sales and various issues, including competition and controversies. Starbucks shares rose by more than 13% after the announcement. Niccol, known for revitalizing Chipotle, is expected to bring fresh ideas to Starbucks, which has been struggling with performance and investor concerns.