Starbucks Chairman Howard Schultz to Step Down

Howard Schultz is stepping down as CEO later this month of Starbucks, where he joined more than 30 years ago.

Published
World
1 min read
Howard Schultz to step down as Starbucks CEO.
i

Starbucks Corp on Monday, 4 June said Howard Schultz is stepping down as executive chairman later this month of the coffee chain he joined more than 30 years ago.

Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company last year to focus on innovation and social impact projects.

The Seattle-based chain says Schultz will have the title of chairman emeritus as of 26 June. It says he is writing a book about Starbucks' social impact efforts.

Starbucks said Myron E "Mike" Ullman would be the new chairman of the board upon Schultz's retirement.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!