Starbucks is replacing its top finance executive, plucking Nordstrom finance chief Cathy Smith from the department-store chain, which is going private. Starbucks on Tuesday said Smith will join as executive vice president and chief financial officer at a date to be determined,

Starbucks named Nordstrom's Cathy Smith as its finance chief on Tuesday, hiring a retail industry veteran to aid CEO Brian Niccol's efforts to revive sales at the coffee giant. She will replace Rachel Ruggeri,