Domino's Pizza Enterprises Limited’s Post

It’s about listening to those at the ‘coalface’ and getting their input on what’s working, not working and what’s workable as we all strive to create improvement. #continuousimprovement #activelistening #leadership

Boards roles in successful CEO Succession Planning - Lessons from Starbucks External CEOs - from a management consultant to an industry captain of retail restaurant businesses https://lnkd.in/dD4i_WTh

Applauding Starbucks' Board for Agility and Objectivity. I commend the Starbucks board chair, Mellody Hobson, and the entire board for their nimbleness with objective judgment and active engagement. Their continual assessment of mission-critical risks, including food safety, is essential for value creation. Per The Wall Street Journal, Starbucks ousting its CEO and naming the Chipotle boss as a replacement. Narasimhan CEO, 16 months into the job isn't enough for major business transformation. Starbucks faces multiple issues including sales, fixing US business, operating problems like speed of service, union problems, and profits. As I said before the era of CFO leading major business transformations is over. I recommend to the Starbucks board urgently and frequently assess with the new CEO, Brian Niccol, whether strategic plans need adjustment. Scenario planning is essential. The board's agility and preparation to periodically assess resilience to headwinds and tailwinds are key. What are your thoughts on this leadership change? #CEO #KSgems #CEOattributes #BoardOversight #BoardGovernance #CFO #CIO #CTO #CISO #Leadership #CorporateGovernance Heather Haddon Emma W. Thorne Manuj Aggarwal

Starbucks Surges with New Leadership Starbucks shares soared on Tuesday, adding over $21 billion in market capitalization following the announcement of a new CEO. Chipotle chief Brian Niccol will take the reins on September 9, while Laxman Narasimhan, CEO since March 2023, steps down immediately. Former longtime CEO Howard Schultz expressed his full support for Niccol, stating, “He has my respect and full support.” Why Brian Niccol? Brian Niccol is renowned for his transformative leadership at Chipotle, where he drove the company’s market cap from $6 billion to over $60 billion. His success is built on three key pillars: 1 - Crafting a Compelling Vision 2 - Building the Right Organizational Structure 3 - Holding Everyone Accountable to Execution These strategies have proven effective in turning around struggling companies, making Niccol the ideal leader to reignite Starbucks’ brand and drive future growth. Starbucks has been battling activist investors and declining sales for two consecutive quarters. Niccol’s appointment is a strategic move to boost sales and restore investor confidence. Stay tuned for more updates on this exciting development! #Starbucks #Leadership #BrianNiccol #BusinessTransformation #CEO #Chipotle

Interesting Strategic move by Howard Schultz highlighting Investor/Stakeholder perception of the CEO role in a Company’s future: Starbucks Corp. investors have never rewarded the stock more than they have on the news (August 14, 2024) that the coffee chain giant hired Chipotle Mexican Grill Inc Chief Executive Officer Brian Niccol as its new leader, anticipating a new era is underway including marketing, product innovation and operations. Shares of Seattle-based Starbucks surged 25%, the most ever, and added $21.4 billion in market capitalization. On the other hand, Chipotle shares slid 7.5%, for a loss in value of $5.7 billion while the S&P 500 has gained 99%. Additional bit for Strategy enthusiasts, the success factors of Chipotle are small menus, a unique smoked pepper for seasoning and fresh ingredients with versatility and ease of customisation. #strategy #leadership #usp #investors #marketcap #ceo #leaders

Listen first and last. What a perfect message. This takes listening systems and processes. It is intentional. 👏👏👏👏👏

Totally agree. Being a leader requires listening and collaboration with your team. Some of the best ideas often come from juniors who have a different perspective. Afterwards, make the decision.

How do you value good leadership? Well, it’s not straightforward but sometimes public markets do the work for you. Starbucks just hired away the Chipotle Mexican Grill CEO and while Starbucks stock is up 25% (gaining $21B in market cap), Chipotle is down 7.5% (losing $6B in market cap) on the news. Why such a dramatic market reaction? Well, it’s the Brian Niccol premium. Brian is the 🐐 in the restaurant business and has pulled off one of my favorite corporate turnarounds of all time (yes of course, I have a list) with Chipotle. When he took over, Chipotle was still stumbling after its infamous E.Coli outbreak but over his 6 years as CEO, sales have doubled and stock price has increased 9x. 🌯 Starbucks has been recently been targeted by activist funds like Elliot amidst slowing sales in the US and China. They’ve reported 2 straight quarters of sales declines as competition intensifies and consumer preferences evolve away from the sit-down coffee shop model towards mobile ordering and drive-thru. Starbucks needs its own turnaround Cinderella story now and as a long-time loyalist, I hope Niccol can turn the ship around on one of the most iconic consumer brands of all time. ☕

What Niccol outlines is the power of flexibility and constant course correction based on new learning and feedback from Guests & Shareholders. Decision making is hopefully very well informed when it’s made and communicated. The decision is aligned with values and goals. That said, having made the decision and implemented an initial plan, good leadership is required to observe the impact and learn from the results. Brings to mind the quote attributed to Mike Tyson, “Everyone has a plan until they get punched in the mouth!” Or the equally quoted….”No plan survives first contact with the enemy” …..market place” or your kids” Resilience and Agility are required in the leaders toolbox!

Starbucks has taken a significant step forward by naming Brian Niccol the former CEO of Chipotle, as its new leader. This move comes amidst declining sales and investor pressure. Niccol is known for his transformative leadership at Chipotle, driving substantial growth through menu innovation, operational excellence, and digital transformation. During Niccol’s tenure at Chipotle, the company witnessed a remarkable transformation, with revenue nearly doubling and stock price surging by almost 800%. Starbucks is banking on Niccol’s successful track record to rejuvenate the company, improve customer experiences, and stimulate growth. The decision has already yielded positive results, with Starbucks’ shares experiencing a notable increase post-announcement. #Starbucks #BrianNiccol #LeadershipChange #CEOAppointment #BusinessNews #CorporateLeadership #Innovation #GrowthStrategy #DigitalTransformation #OperationalExcellence #StockMarket #RetailIndustry #CoffeeCulture