By Staff Writer

Howard Schultz, chairman and chief executive officer (CEO) of Starbucks, will be stepping down in April of next year and will move into the role of executive chairman.

Starbucks’ president and chief operating officer (COO) Kevin Johnson will replace Schultz as CEO. Johnson has been a Starbucks board member since 2009 and has served as its president and COO since 2015.

As executive chairman, Schultz will focus on innovation, design and development of Starbucks Reserve Roasteries around the world. He will also focus on expanding the Starbucks Reserve retail store format and the company’s social impact initiatives. He will continue to serve Read full story ›

Source: The Drum