TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Starbucks CEO to retire, Howard Schultz returns as interim CEO

News • 17th Mar 2022 • 1 Min Read

Starbucks CEO to retire, Howard Schultz returns as interim CEO

C-Suite#Movements

Author: Mastufa Ahmed Mastufa Ahmed
5.8K Reads
Starbucks' longtime former chief executive officer Howard Schultz will return temporarily after Kevin Johnson said on Wednesday that he will retire from the role on April 4.

Starbucks CEO Kevin Johnson will step down on April 4 after five years at the helm of the company, according to a statement by the company. Howard Schultz, who led the company for decades before Johnson, will serve as interim CEO and rejoin the board of directors while the company searches for a new CEO.

The Board of Directors believes Schultz is uniquely qualified to serve as interim CEO until a new leader is identified, as the company's founder and architect of its culture. In addition to day-to-day management of the company, Schultz will assist in the search for and onboarding of the next CEO.

Schultz grew Starbucks into one of the world's most well-known corporations. From 1987 to 2018, he oversaw the expansion of Starbucks from 11 stores with 100 partners to over 28,000 stores in 77 countries.

Johnson joined the board of directors of Starbucks in 2009 and was named president and chief operating officer in 2015. In 2017, he took over as CEO, succeeding Schultz.

Building on the company's rich history, Johnson broadened the company's reach through the Global Coffee Alliance with Nestlé, which now operates in nearly 80 markets, and established and carried out the Growth at Scale agenda, which significantly increased shareholder value.

“I have enjoyed every minute of the job and am proud of what we have achieved together. It has been an honour to serve the 400,000 Starbucks green apron partners around the world and I want to thank them for their service, resilience and optimism.” 

According to the company, the Starbucks board of directors hired executive search firm Russell Reynolds Associates last year to assist in the search for a replacement for Johnson.  

Read More

Did you find this article helpful?


You Might Also Like

More women leading as CEOs in New Zealand

NEWS • 8th Apr 2024 • 3 Min Read

More women leading as CEOs in New Zealand

LeadershipC-SuiteDiversity
Zuckerberg criticised for allegedly tracking chats

NEWS • 5th Apr 2024 • 3 Min Read

Zuckerberg criticised for allegedly tracking chats

LeadershipC-Suite
Citi New Zealand names Stefan Boisen as CEO

NEWS • 14th Mar 2024 • 3 Min Read

Citi New Zealand names Stefan Boisen as CEO

LeadershipC-SuiteAppointments
NEXT STORY: Cloud security firm Netskope appoints Matt Paull as new channel chief of Asia Pacific Japan

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    From copy-paste to creative spark: mastering generative AI i...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.