Starbucks CEO Howard Schultz to Step Down Shares of the company were down 4 percent in after hours trading on Thursday.

By Reuters Dec 1, 2016

Share

This story originally appeared on Reuters

Starbucks Corp. said Howard Schultz will be stepping down as chairman and chief executive officer of the coffee chain, but will continue as executive chairman.

Chief Operating Officer Kevin Johnson will replace Schultz as chief executive effective April 3, 2017.

Shares of the company were down 4 percent in after hours trading on Thursday.

(Reporting by Gayathree Ganesan in Bengaluru; Editing by Shounak Dasgupta)

Reuters

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

I Started a Business to Streamline the $90 Trillion Wealth Transfer From Boomers to Younger Generations — Here's How It Helps People Receive Inheritances Faster
Is ChatGPT Search Better Than Google? I Tried the New Search Engine to Find Out.
This Couple Wanted to Make an Everyday Household Product 'Unquestionably Better.' Now Their Business Sees Over $200 Million Annual Revenue: 'Obliterated Our Goals.'
AI Could Ruin Your Life or Business — Unless You Take These Critical Steps
Taco Bell Is Launching Chicken Nuggets — Here's When and Where to Get Yours
After This 26-Year-Old Got Hooked on ChatGPT, He Built a 'Simple' Side Hustle Around the Bot That Brings In $4,000 a Month

Most Popular

See all

Side Hustle

Dry January, Anyone? He Started a Side Hustle After a 'Scary' Night of Drinking — and It's Exceeded $50 Million Revenue With 0 Outside Investment.

JW Wiseman wanted to change his relationship with alcohol.

By Amanda Breen

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel

Growing a Business

I'm an SEO Expert — Here Are 6 Content Tips to Stand Out in Any Saturated Market

Learn how SEO-driven content marketing strategies can help your business thrive in a saturated market.

By Summit Ghimire

Side Hustle

20 Ways to Make Money from Home in 2023

Making money from home doesn't have to be complicated. Check out these 20 smart ways to make cash from the comfort of your computer desk.

By R.L. Adams

Money & Finance

Make Your Money Manage Itself — How to Automate Your Personal Finances and Keep Your Goals on Track

Keeping up with your finances doesn't have to be a juggling act anymore. With just a few adjustments, managing your money can go from daunting to downright simple — here's how.

By Pierre Raymond

Franchise

How to Decode Franchise Fees and Find the Right Investment

Learn why focusing on value — not just cost — can lead to franchise success.

By Mark Siebert