Schultz will also rejoin the company’s Board of Directors. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022. In 2017, Johnson was named president and chief executive officer. Johnson, who served on the Starbucks Board since 2009, joined the Starbucks leadership team in 2015 as president and chief operating officer. Mellody Hobson, Independent Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today’s news that Johnson made the personal decision to retire from the company after 13 years of service. SEATTLE – Starbucks Corporation (NASDAQ: SBUX) today hosted its 30th Annual Meeting of Shareholders virtually. With over $25B returned to shareholders over the last four years, Starbucks recommitted to returning another $20B by 2025.Confirmed plans to expand to 55,000 stores in over 100 markets by 2030.Continued leadership in coffee craft and beverage innovation, announcing new Clover Vertica TM brewer and continued rollout of Mastrena II espresso machine.Deepened commitment to sustainability through new partnerships, technologies and global reusability efforts.Shared People Positive aspiration to enhance the well-being of one billion people, globally, by 2030.Outlined investments and actions powered by – and for – green apron partners and stores around the world.Starbucks Board of Directors chair, Mellody Hobson, extended sincerest thanks to retiring ceo Kevin Johnson after 13 years of service, affirming the company will continue to be a trail blazer.
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