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.”
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