The global coffee chain is facing growing competition overseas, labor issues in the U.S. and dropping consumer sentiment globally — an issue it has addressed with its Back to Starbucks campaign.

Cathy Smith will replace Rachel Ruggeri at an undetermined date, with Ruggeri remaining for some time to ease the transition.

Starbucks named a new chief financial officer on Tuesday as part of a larger turnaround strategy.

Starbucks named Nordstrom's Cathy Smith as its finance chief on Tuesday, hiring a retail industry veteran to aid CEO Brian ...