Starbucks CEO (SBUX) Howard Schultz to leave in April

Market news

2 December 2016

Starbucks CEO (SBUX) Howard Schultz to leave in April

Starbucks, confirmed the information that CEO Howard Schultz will leave on April 3, 2017. According to the report, Mr. Schultz will be appointed Chairman of the Board of Directors and will focus on innovation, design and Starbucks Reserve Roasteries development around the world, expanding the format of the retailer and the company's social initiatives.

SBUX shares fell in premarket trading to $ 56.85 (-2.84%).

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