Howard Schultz to Step Down as Starbucks CEO


Starbucks Corp. CEO Howard Schultz has announced plans to step down from his role after being with the coffee giant since 1982. According to the New York Times, he will hand over the reins to current President and COO Kevin Johnson on April 3, 2017.

Johnson has previously served as the CEO of Juniper Networks as well as president of Microsoft’s platform division.

Seattle-based Starbucks operates more than 25,000 locations in 75 countries.

Share

More News

McDonald’s Announces $6 Billion Investment in Store Upgrades
August 15, 2018
Chicago-based McDonald’s has revealed plans to put forth $6 billion to fund construction and modernization of its fleet by 2020.
Full Story

Loreak Introduces Latest Spanish Outpost
August 15, 2018
Lifestyle brand Loreak has unveiled a new retail space in San Sebastián, Spain.
Full Story

Menswear Market to Launch First Store in Minneapolis
August 15, 2018
Online consignment retailer Menswear Market has opened its first brick-and-mortar location on Chicago Avenue in Minneapolis.
Full Story