Get the app today! Download iPhone App Download Android App

Starbucks Chief Financial Officer Maw Set To Retire

Published on Jun 29 2018 10:30 AM in Retail tagged: Trending Posts / Starbucks / Coffee / Seattle / Paywall / Scott Maw

Starbucks Chief Financial Officer Maw Set To Retire

Starbucks Corp has said that Chief Financial Officer Scott Maw is to retire at the end of November, stunning investors and sending shares of the world's largest coffee shop chain down more than 4 percent.

Maw, 50, lasted just four years in the CFO role, and the company did not provide details on what prompted the retirement.

Starbucks had strong sales growth and topped analyst earnings estimates during the first half of Maw's tenure but stumbled more recently, with the company’s chief executive earlier this month calling its performance “not acceptable.”

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email