The Power List 2017: Kevin Johnson and Howard Schultz
Starbucks Corp. chairman and CEO Howard Schultz is relinquishing the helm of the coffeehouse chain’s global operations in April, but he’s by no means going away.
Kevin Johnson, the Seattle-based company’s president and chief operating officer, will become CEO in the spring.
Schultz will take the role of executive chairman, and will turn his focus to growing Starbucks’ ultra-premium brands.
The C-suite shakeup comes as Starbucks sets an aggressive five-year agenda, planning for an additional 12,000 units globally, to reach 37,000 locations by 2021.
The core brand continues to build on its position as a digital leader to capture