Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 29, 2023 in Washington, DC.
Anna Moneymaker | Getty Images
Former Starbucks CEO Howard Schultz is stepping down from the coffee chain’s board, the company said Wednesday.
“I look forward to supporting this next generation of leaders to steward Starbucks into the future as a customer, supporter and advocate in my role as chairman emeritus,” Schultz said in a statement.
The company said the change was part of a planned transition, but the 70-year-old Schultz didn’t provide a reason for his exit.
His third stint as Starbucks’ chief executive ended in March, as Laxman Narasimhan stepped into the role. Schultz spent 11 months back in the top job. During that time, he crafted a strategy to modernize the company’s cafes, improve relations with its baristas and fuel further sales growth. He also spearheaded the launch of…
2023-09-13 15:14:33
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