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Starbucks Chief Executive Officer Stepping Down | The Daily Wobble
Starbucks has been performing admirably as usual, though the main internal discussion currently centers around the push by employees at various Starbucks locations to form unions. Despite this, the company is in a favorable position, prompting its Chief Executive Officer, Kevin Johnson, to conclude that it’s an opportune moment to pass on the leadership.
Johnson made a public announcement today stating his decision to retire from his role after leading for five years, with Howard Schultz temporarily taking the helm as CEO until a permanent successor is appointed.
“I informed the Board a year ago that as the global health crisis approached its conclusion, I would be contemplating retiring from Starbucks. I see this as a natural culmination of my 13-year journey with the organization,” Johnson remarked.
UPDATE: Starbucks CEO Kevin Johnson announces retirement, and Howard Schultz returns as the acting head https://t.co/3R8e0JyCLX
— CNBC Now (@CNBCnow) March 16, 2022
“When you hold a profound affection for something, you feel a profound obligation to assist when called upon. Though I hadn’t planned on rejoining Starbucks, I understand that the company must evolve once more to embrace a fresh and promising future where all our stakeholders prosper together,” Schultz stated in a separate declaration. “Against the backdrop of post-COVID recovery and global uncertainties, it’s imperative that we pave the way for a bold reimagining and remaking of the Starbucks experience for our partners and patrons.”
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