SEATTLE -- Starbucks has hired Peter Bocian of NCR Corporation to replace Michael Casey, the company's longtime chief financial officer.

KGW

Casey, who also serves as an executive vice president and chief administrative officer, is moving to a senior advisory position with the world's largest specialty coffee retailer. He has been CFO of Seattle-based Starbucks for 12 years.

Bocian will join Starbucks next month, and will officially succeed Casey in October. Bocian has been a senior vice president and CFO at NCR, a computer-services provider, since 2004. It is based in Dayton, Ohio.

According to regulatory filings, Bocian's annual salary will be $575,000. He also will get a half-a-million dollar signing bonus, a guaranteed minimum bonus of $287,500 for the 2007 fiscal year, and other benefits.