Starbucks’ Schultz to remain interim CEO until March -Breaking
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© Reuters. FILE PHOTO. Howard Schultz, former CEO of Starbucks, speaks at his book tour, which took place in Seattle (Washington, U.S.A.) on January 31, 2019. REUTERS/Jason Redmond(Reuters] -Starbucks Corp stated Monday Howard Schultz would continue to be the interim chief operating officer for the coffee chain, until March 31st as it seeks a permanent successor.
Schultz was reappointed as Starbucks (NASDAQ) CEO earlier this year. He succeeded Kevin Johnson. It is an important time for Starbucks, which has been dealing with increasing unionization in its U.S. workforce.
Starbucks is considering only external candidates for its next CEO, the Wall Street Journal reported https://www.wsj.com/articles/howard-schultz-says-starbucks-is-seeking-fresh-blood-in-ceo-search-11654488060?mod=latest_headlines earlier in the day. According to the report, Schultz mentioned the need for fresh talent to fill its top leadership positions.
Monday was a repeat of company plans to identify successors by fall. Schultz said that he would continue on board as CEO after he leaves.
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