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Patrick Grismer joins the coffee chain as it transitions from a period of rapid expansion to a more mature market position
Starbucks Corp. on Monday named Patrick Grismer its next chief financial officer, luring him away from the same position at Hyatt Hotels, as the coffee chain transitions from a period of rapid expansion to a more mature market position.
Mr. Grismer joins the company as its sales growth moderates and investors put greater emphasis on cost control, analysts said.