Incoming Starbucks CFO Patrick Grismer

Patrick Grismer, formerly the CFO for Hyatt Hotels and Yum! Brands, will join Starbucks as CFO next month.

“As a seasoned CFO 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 Starbucks CEO and president Kevin Johnson. “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.”

Grismer will replace outgoing CFO Scott Maw, who will retire after a number of years with the Seattle-based coffee company.