In export, CCL plans to corner a bigger pie in the freeze dried coffee by setting up a fourth plant exclusively catering to it at Chittoor in Andhra Pradesh at an investment of Rs 300 crore.
Schultz, who already had transitioned away from running the chain's day-to-day operations and passed the reins to Chief Executive Kevin Johnson, announced this month that he would be leaving his post as executive chairman effective June 26.
After stepping down as Chief Executive in 2017, Schultz, had taken up the post of executive chairman. He will be stepping away from the company after nearly four decades of service to mull a "range of options".