Browsing: Latest News

Today, the role of the chief financial officer (CFO) is under greater scrutiny, internally and externally. CFOs face never ending pressure to cut costs, grow revenue, and ensure control. Economic uncertainty, increased regulatory requirements, financial restatements, and increased investor scrutiny have forced them into the spotlight. Given these factors, CFO turnover is on the rise.

Starbucks Corporation has announced that after a more than 35-year career in finance, Patrick Grismer has decided to retire from his position as executive vice president and chief financial officer (cfo) of the Company effective February 1, 2021.