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Starbucks Exec Schultz To Step Aside, Mulling 'Range Of Options'

Published on Jun 5 2018 11:40 AM in A-Brands tagged: Trending Posts / Starbucks / Howard Schultz / Paywall

Starbucks Exec Schultz To Step Aside, Mulling 'Range Of Options'

Starbucks Corp. executive chairman Howard Schultz is stepping away from the coffee chain he built into a global powerhouse, putting management firmly into the hands of chief executive Kevin Johnson, who had an office connected to the co-founder's and regularly turned to Schultz in times of crisis.

Johnson faces a raft of challenges on the horizon. He is facing cooler growth in Starbucks' dominant US market and intense competition from rivals - ranging from high-end coffee shops to more affordable fast-food chains - as the company undertakes a massive expansion project in China.

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