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Starbucks CEO Howard Schultz to step down in 2017 Thursday, 1 December 2016
Starbucks CEO Howard Schultz is stepping down, according to a company announcement on Thursday. Starbucks President and Chief Operating Officer Kevin Johnson will take Schultz's place. Schultz will be shifting his role at Starbucks to help the company develop and open high-end coffee shops, according to the Wall Street Journal. TheStreet's Scott Gamm reports from Wall Street. Video provided by TheStreet
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News video: Starbucks CEO to Step Down in April 2017

▶ Starbucks CEO to Step Down in April 2017 00:43

According to the coffee chain on Thursday, Starbucks Chairman and CEO Howard Schultz will step down as the company's chief executive. Starbucks added in a statement that current President and COO Kevin Johnson will become its next CEO while Schultz will transition to executive chairman. The changes...

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