Starbucks President and Chief Executive Officer Kevin Johnson will retire after 13 years of service; Founder Howard Schultz will fill in temporarily
Starbucks Corporation has announced that Kevin Johnson, president and chief executive officer, intends to retire after a 13-year tenure at the company, including the last five years as CEO. Johnson will transition from his current role on April 4, 2022, and will continue to serve as a Starbucks partner (employee) and special consultant to the company and Starbuck’s Board of Directors through September. The Starbucks Board of Directors has been engaged in continuous CEO succession planning, assisted by Russell Reynolds Associates since 2021, and anticipates selecting a new leader by the Fall. 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. Schultz will also rejoin Starbuck’s Board of Directors.
“On behalf of the entire Board, I want to express our sincerest thanks to Kevin for his leadership of Starbucks. Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. The economic certainty provided to partners during the early months of the COVID shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company. During Kevin’s tenure, Starbucks scaled an industry leading digital offering spanning nearly 45 million Starbucks Rewards members in the U.S. and China,” says Independent Starbucks Board of Directors Chair Mellody Hobson.