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Coffee Chain: Howard Schultz VIII: Starbucks Changes Its Leadership

Coffee Chain: Howard Schultz VIII: Starbucks Changes Its Leadership

starbucks surprisingly announced a change of top. The American coffee chain has announced that Kevin Johnson will be stepping down as CEO after five years, effective April 4. His successor is an old friend: Howard Schultz, who has already held two terms as CEO of Starbucks, is now set to accept the position for a third time, but this time only on a temporary basis. The company hopes to secure a permanent position by the fall.

The coffee chain tried to present the change as orderly. Johnson indicated to the board of directors a year ago that he was considering resigning as the coronavirus pandemic was drawing to a close. Starbucks He also indicated that he appointed a consulting firm for individuals last year to find a successor. Melody Hobson, who chairs the board, told CNBC Wednesday that there is already a list of “cool” candidates. However, the company wants to take its time, the new person heading the board should not be appointed “via Zoom”.

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