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Starbucks CEO Howard Schultz is stepping down

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Thursday, 1 December 2016 ()

Starbucks CEO Howard Schultz is stepping downStarbucks' CEO Howard Schultz is stepping down, the company announced on Thursday. 

Schultz will be replaced by Starbucks' president and COO Kevin Johnson, effective April 3. Johnson has been a member of Starbucks' board of directors for seven years. 

In April, Schultz with be appointed executive chairman and continue to...
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News video: Howard Schultz to Step Down as Starbucks CEO

Howard Schultz to Step Down as Starbucks CEO 01:32

Howard Schultz, who led Starbucks as it grew from local chain to global brand, said Dec. 1 he will step down as CEO in April. His next effort? Building the company's new venture: very-high-end coffee shops. Photo: Reuters

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