Kevin Johnson to replace Howard Schultz as CEO of Starbucks

Johnson has been a Starbucks board member since 2009, and will continue to serve as a member of the Board.
  • Franchise India Team Editor
Restaurant India

Starbucks, the Seatle-based coffee giant has made an announcement in a statement that Howard Schultz, the company's Chairman and CEO, is going to take charge of the Executive Chairman and Kevin Johnson, the current COO is going to be the Chairman and CEO with effective from April 13, 2017.

Schultz is going to look after the innovation, design and development of Starbucks Reserve Roasteries around the world, expansion of the Starbucks reserve retail store format and the company's social impact initiatives.

In this new role Schultz will continue to serve as chairman of the Board.

Johnson has led the company's global operating businesses as President and Chief Operating Officer since March 20015, across all geographies as well as the core support functions of Starbucks supply chain, marketing, human resources, technology, and mobile and digital platforms.

Johnson has been a Starbucks board member since 2009, and will continue to serve as a member of the Board.

Schultz said, "Starbucks consistently outperforms the retail industry because our stores, our offerings and the experiences our partners create make us a destination. The best evidence of the success of the core strategy driving our business is that we continue to deliver quarter after quarter of record, industry leading revenue, comp sales and profit growth, and that the newest classes of Starbucks stores continue to deliver record-breaking revenues, AUV’s and ROI both in the U.S. and around the world."

"As I focus on Starbucks next wave of retail innovation, I am delighted that Kevin Johnson – our current president, coo, a seven-year board member and my partner in running every facet of Starbucks business over the last two years – has agreed to assume the duties of Starbucks chief executive officer. This move ideally positions Starbucks to continue profitably growing our core business around the world into the future."

Johnson said, "Over the past two decades, I have grown to know Starbucks first as a customer, then as a director on the board, and for the past two years as a member of the management team. Through that journey, I fell in love with Starbucks and I share Howard’s commitment to our mission and values and his optimism for the future."

"It is an honor for me to serve the more than 300,000 partners who proudly wear the green apron and I consider it a privilege to work side-by-side with Howard, our world-class board of directors, and a very talented leadership team. Together, we will reaffirm our leadership in all things coffee, enhance the partner experience and exceed the expectations of our customers and shareholders. We believe in using our scale for good and having positive social impact in the communities we serve around the world."

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