Starbucks Executive Schultz To Step Aside

Jun 05, 2018

(Reuters) - Starbucks Corp Executive Chairman Howard Schultz is stepping away from hands-on management at the global coffee chain, effective June 26, fuelling speculation that the outspoken, liberal-leaning executive will make a U.S. presidential bid. Schultz, 64, over roughly four decades has built Starbucks into one of the world’s most powerful global brands. Under his leadership, the Seattle-based coffeeshop chain went from 11 cafes to over 28,000 in 77 countries.