Sector News

Starbucks CEO Kevin Johnson to retire, Howard Schultz returns as interim CEO

March 27, 2022
Food & Drink

Starbucks has announced that its current president and CEO, Kevin Johnson, will retire – effective 4 April. Howard Schultz, who was the coffee chain’s CEO prior to Johnson, will serve as interim CEO.

Johnson is stepping down after 13 years with the company. He first joined Starbucks in 2009 as a director before being promoted to president and COO in 2015, and president and CEO in 2017.

Schultz will serve as the company’s interim CEO until a suitable replacement is found. Starbucks says Schultz is “singularly qualified,” having served as the company’s CEO in 1987-2000 and 2008-2017. He will also rejoin the company’s board of directors.

Mellody Hobson, independent Starbucks board of directors chair, said: “Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. The economic certainty provided to partners during the early months of the Covid shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company.”

She continued: “As the company navigates the aftermath of the pandemic and socio-economic forces impacting the lives of all our stakeholders, Howard will reinforce the company’s culture, underscoring the organisation’s commitment to innovating and executing on our core purpose and reason for being: to inspire and nurture the human spirit – one person, one cup and one neighbourhood at a time.”

By Rafaela Sousa

Source: foodbev.com

comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.