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Starbucks CEO Howard Schultz Is Stepping Down

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Hawkeye10

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Starbucks Chairman and CEO Howard Schultz will leave his post as the company's chief executive, the company said Thursday.

Schultz will become the company's executive chairman, and current President and COO Kevin Johnson will become Starbucks' next CEO.

The changes will take place on April 3, the company said.
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Starbucks CEO Howard Schultz Is Stepping Down - NBC News

This is pretty shocking, as Schultz has been saying over the last couple years he had no plans to step down. But he has been pushing a lefty agenda, and gotten some major blowback for it from customers, maybe the board told him he no longer gets to decide his exit date.

I will be watching this, as it might be related to the country choosing Trump, and it might be about a CEO getting his firm too much into the politics of the nation.
 
In recent months, as he decided that focusing on opening high-end shops serving more expensive coffee and food was the way to create more growth in the company, Mr. Schultz began handing over the daily operations of Starbucks to Mr. Johnson, a former Microsoft executive. The idea for Mr. Schultz to focus squarely on the new strategy wasn’t something he planned when he first hired Mr. Johnson.

“When I joined the management team two years ago, the intent coming in was to play a role in this strategy, not about a plan around this CEO transition,” Mr. Johnson said.
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Howard Schultz Stepping Down as Starbucks CEO to Focus on Higher-End Shops - WSJ

Ya, this looks like a push....everyone gets to save face by Schultz taking a working retirement from running the brand by leading the Roastery concept, and he takes the Chairman of the Board chair....but...
 
Do the owners of firm that is opening a store a day in China (or so I read a few months back) want the head guy constantly pushing American Liberalism onto the brand as Schultz has done?

Spect not.
 
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