Howard Schultz To Return As Interim Starbucks CEO , As Kevin Johnson Announces Retirement.
Howard Schultz To Return As Interim Starbucks CEO , As Kevin Johnson Announces Retirement.
'The Seattle Times' reports that after 13 years with the company and five years as CEO, Johnson is stepping down in April.
'The Seattle Times' reports that after 13 years with the company and five years as CEO, Johnson is stepping down in April.
Starbucks reports Shultz will handle operations until a permanent CEO is named by this fall.
Starbucks reports Shultz will handle operations until a permanent CEO is named by this fall.
Johnson issued a statement on March 16.
I feel this is a natural bookend to my 13 years with the company, Kevin Johnson, via statement.
As I make this transition,
we are very fortunate to have
a founder who is able to step
in on an interim basis, giving
the Board time to further explore potential candidates and make the right long-term succession decision for the company, Kevin Johnson, via statement.
I have enjoyed every minute of the job and am proud of what we have achieved together. It has been an honor to serve the 400,000 Starbucks green apron partners around the world, Kevin Johnson, via statement.
'The Seattle Times' reports Johnson will remain a Starbucks employee and company consultant through September.
'The Seattle Times' reports Johnson will remain a Starbucks employee and company consultant through September.
He'll receive 50% of his salary
during that time.
According to the SEC, Johnson's base pay
was $1.55 million in 2020 and 2021.
According to the SEC, Johnson's base pay
was $1.55 million in 2020 and 2021