Starbucks chairman Howard Schultz stepping down


NEW YORK (AP) — Starbucks Corp. says Howard Schultz is stepping down as executive chairman this month of the coffee chain he joined more than 30 years ago.

Schultz, who oversaw the transformation of Starbucks into a global chain with more than 28,000 locations, had left the CEO job at the company last year to focus on innovation and social impact projects.

The Seattle-based chain says Schultz will take the title of chairman emeritus as of June 26, and is writing a book about Starbucks’ social impact efforts.

“Starbucks changed the way millions of people drink coffee, this is true, but we also changed people’s lives in communities around the world for the better,” Schultz said in a letter to Starbucks employees.

Schultz said he was considering “a range of options for myself, from philanthropy to public service,” but wasn’t sure what the future would hold. He had endorsed Democratic presidential nominee Hillary Clinton before the last presidential election and had sometimes deflected questions about whether he would run for office.

He had often aligned himself and Starbucks with social issues like race and jobs for underprivileged youth — even when those efforts fell flat, like the “Race Together” campaign that encourage workers to talk about race with customers.

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.