• Advertisement
  • Press Release
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Worlds Leaders
  • Home
  • Magazine
  • Articles
  • News
  • Industry
    • Ad Agencies
    • Aerospace
    • AgTech
    • Automotive
    • Aviation
    • Banking & Insurance
    • BioTech
    • Capital Markets
    • Casino
    • Construction
    • Consumer Packaged Goods
    • Contact Centers
    • Defense
    • E-Commerce
    • Education
    • Energy
    • FinTech
    • Food
    • Healthcare
    • Latin America
    • Law Enforcement
    • Legal
    • Logistics
    • Manufacturing
    • Marine
    • Media & Entertainment
    • Metals & Mining
    • Mortgage
    • Naval Tech
    • Non Profit Technology
    • Oil & Gas
    • Pharma & Life Sciences
    • PropTech
    • Public Sector
    • Retail
    • Tech African
    • Tech Startup
    • Telecom
    • UAE
    • Utilties
  • Brands
  • About Us
  • Home
  • Magazine
  • Articles
  • News
  • Industry
    • Ad Agencies
    • Aerospace
    • AgTech
    • Automotive
    • Aviation
    • Banking & Insurance
    • BioTech
    • Capital Markets
    • Casino
    • Construction
    • Consumer Packaged Goods
    • Contact Centers
    • Defense
    • E-Commerce
    • Education
    • Energy
    • FinTech
    • Food
    • Healthcare
    • Latin America
    • Law Enforcement
    • Legal
    • Logistics
    • Manufacturing
    • Marine
    • Media & Entertainment
    • Metals & Mining
    • Mortgage
    • Naval Tech
    • Non Profit Technology
    • Oil & Gas
    • Pharma & Life Sciences
    • PropTech
    • Public Sector
    • Retail
    • Tech African
    • Tech Startup
    • Telecom
    • UAE
    • Utilties
  • Brands
  • About Us
Worlds Leaders

Starbucks founder Howard Schultz will serve as interim CEO

Starbucks founder Howard Schultz will return as the coffee giant’s temporary CEO when Kevin Johnson steps down next month after running the firm for five years, Starbucks announced in a statement Wednesday, marking an unusual second comeback for a major corporation’s top executive.

Schultz, 68, who was CEO of Starbucks from 1986 to 2000 and again from 2008 to 2017, will run the firm until the board seeks a new leader, according to the company.

Johnson, 61, will resign on April 4 after five years as CEO and 13 years with Starbucks, and will continue to serve as a special consultant to the business and its board of directors until September, according to the company.

Starbucks shares were up 7.52 percent to $89.34 as of 11:30 a.m. ET Wednesday, but the company’s stock is still down 23 percent this year due to increasing expenses and slowing sales in China.

According to the corporation, Schultz, who has become a multi-billionaire as a result of Starbucks, would be paid $1 in compensation.

Share196Tweet123Share34Pin44

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


World’s Leaders Magazine is a Media Company that covers stories of business leaders around the globe. Consistent updates to our online publication, internet based life and master sentiment give a substance rich pursuing knowledge loaded up with fascinating perspectives and remark on the issues of the worldwide business. World’s Leaders Magazine inspires readers and users to think beyond traditional boundaries, lead conversations and create Read More…

Recent News

FTX says no active talks to buy Robinhood

FTX says no active talks to buy Robinhood

JetBlue Refuses to Give up Its Quest for Spirit Airlines

JetBlue Refuses to Give up Its Quest for Spirit Airlines

Amazon Offers to Share Data, Boost Rivals to Dodge EU Antitrust Fines

Amazon Offers to Share Data, Boost Rivals to Dodge EU Antitrust Fines

Coming Soon

© Copyright 2022, World's Leaders Media Tech LLC. | All Rights Reserved.
No Result
View All Result
  • Home
  • Magazine
  • Articles
  • News
  • Industry
  • Brands
  • About Us

© Copyright 2022, World's Leaders Media Tech LLC. | All Rights Reserved.