The 50-year-old will be paid a base salary of $1.6 million every year and can earn a cash bonus of $3.6 million to $7.2 million depending on his performance.

Starbucks’ CEO Brian Niccol will have an unusually long commute to work as he becomes the coffee giant’s new chief next month. Mr Niccol who lives in California will travel 1,600 kilometres every day to the company’s headquarters in Seattle.

As per his offer letter, Mr Niccol will use a corporate jet for his commute. Even when he is not traveling for work, he will be expected to work from the Seattle office at least three days a week, as per Starbucks’ hybrid work policy which has been in place since 2023.

The 50-year-old will be paid a base salary of $1.6 million every year and can earn a cash bonus of $3.6 million to $7.2 million depending on his performance.