Frankie Cordeira Jr.

Description: Starbucks CEO Howard Schultz to Step Down in April Starbucks CEO Howard Schultz will step down from his position at the company within the next month. This decision comes after the companys pledge to hire 10000 refugees to protest President Trumps temporary travel halt. The Daily Mail reportsthat Howard Schultz will step down from his position as CEO of Starbucks next month. He will continue as executive chairman of the company. Schultz will be replaced as CEO by Starbucks President and Chief Operating Officer Kevin Johnson who will assume the position of CEO on April 3rd. In the announcementof his decision to step down as CEO Schultz stated that he will shift his focus to innovation design and development of Starbucks Reserve Roasteries around the world expansion of the Starbucks Reserve retail store format and the companys social impact initiatives and focus on Starbucks next wave of retail innovation. Incoming CEO Kevin Johnson assured investors of his commitment to the company saying the women and men of Starbucks Leadership Team have become my trusted partners. They support this transition and I appreciate the passion creativity and commitment that each person brings to this team. We work well together and have built a foundation of trust transparency and teamwork. I
By Frankie Cordeira Jr.
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