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,

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,

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.