Tag: Howard Schultz

Starbucks’ Schultz to step aside as CEO; stay on as chairman

NEW YORK, United States (AFP) — Starbucks chief executive Howard Schultz will step aside as CEO but remain with the company as chairman, the coffee giant said Thursday in a surprise announcement that sent the share price down after hours. Schultz, who helped grow Starbucks from a sleepy chain in Seattle to an iconic global brand, will stay on as executive chairman and chairman of the board. The change is effective April 3. He will hand the reins […]