Starbucks CEO Howard Schultz to Step Down in April

Starbucks
Starbucks CEO Howard Schultz will step down from his position at the company within the next month. This decision comes after the company’s pledge to hire 10,000 refugees to protest President Trump’s temporary travel halt. The Daily Mail reports that Howard Schultz will step down from his position as CEO of Starbucks next month. He will continue as executive chairman of the company. Schultz will be replaced as CEO by Starbucks President and Chief Operating Officer Kevin Johnson, who will assume the position of CEO on April 3rd. In the announcement of his decision to step down as CEO, Schultz stated that he “will shift his focus to innovation, design, and development of Starbucks Reserve Roasteries around the world, expansion of the Starbucks Reserve retail store format and the company’s social impact initiatives and focus on Starbucks next wave of retail innovation.” Incoming CEO Kevin Johnson assured investors of his commitment to the company saying, “the women and men of Starbucks Leadership Team have become my trusted partners. They support this transition, and I appreciate the passion, creativity, and commitment that each person brings to this team. We work well together and have built a foundation of trust, transparency, and teamwork. I