Connect with us

Hi, what are you looking for?

buzznificentbuzznificent

News

Starbucks CEO to Retire | The Daily Wobble

Credit: Unsplash

Starbucks, amidst the ongoing internal debate over employee unionization, is currently in a strong position. Given this, CEO Kevin Johnson has made the decision to step down feeling confident in the company’s stability.

In a public announcement today, Johnson shared his plans to retire after serving as CEO for five years. Howard Schultz will step in as interim CEO until a permanent successor is appointed.

“A year back, I informed the Board that with the global pandemic waning, I was contemplating retirement from Starbucks. This decision marks the completion of my 13-year journey with the company,” Johnson stated.

“When you have a deep love for something, you feel a great sense of duty to respond when called upon. Although I hadn’t planned on returning to Starbucks, I acknowledge the company’s need for a fresh transformation to embrace a new and promising future where all stakeholders can thrive together,” Schultz remarked in a separate statement. “Given the backdrop of COVID recovery and global challenges, it is crucial to lay the groundwork for a bold reimagining and reinvention of the Starbucks experience for our partners and customers.”

(function() {

var loaded = false;
var loadFB = function() {
if (loaded) return;
loaded = true;
(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v3.0”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
};
setTimeout(loadFB, 0);
document.body.addEventListener(‘bimberLoadFbSdk’, loadFB);
})();

You May Also Like

Entertainment

In 2009, renowned filmmaker James Cameron introduced the world to Avatar, a groundbreaking science-fiction movie that earned immense commercial success and became one of...

Entertainment

Adam Sandler, a seasoned actor known for his comedy, has also demonstrated his ability in more serious and dramatic roles. Following his performance in...

Entertainment

Last month, the filming of the movie “Being Mortal,” directed by Aziz Ansari and featuring Bill Murray and Seth Rogan, came to a halt...

Entertainment

Jon Stewart, a well-known television personality, was honored with the prestigious Mark Twain Prize for his successful career in television and stand-up comedy over...