Starbucks Corporation

Starbucks, Volvo and ChargePoint Expand EV Charger Access from Denver to Seattle

by Katie Lee August 9, 2022

Seattle — Starbucks Corporation, in partnership with Volvo Cars, has named the first Starbucks stores where new electric vehicle (EV) chargers, powered by ChargePoint Holdings, Inc., will be available to customers and members of the public — part of the company’s commitment to a sustainable future. Four charging stations have been installed at the first Starbucks location in Provo, Utah, and additional places to charge will be positioned along a 1,350-mile route that winds through national forests and major community hubs from the Colorado Rockies to Starbucks’ headquarters in Seattle. …

August 9, 2022

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Starbucks Board of Directors Affirms CEO Transition Details

by Katie Lee June 13, 2022

Seattle — Starbucks Corporation’s board of directors has provided an update to affirm the search details for the company’s next chief executive officer. The board has agreed with founder Howard Schultz that he will remain as interim CEO through the first fiscal quarter of 2023. This timeline provides the company the ideal runway for a seamless transition and continuity of leadership through the 2022 holiday season, as the business transformation continues. Since returning as interim CEO on April 4, Schultz has engaged deeply with employees of all levels of the …

June 13, 2022

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Starbucks Commits $1 Billion to Invest in Employees and Store Experience

by Katie Lee May 11, 2022

Seattle — Starbucks Corporation will make additional investments in its employees and stores for prioritized areas such as increased pay, more training and modernized collaboration, store innovation, etc. — bringing the total investments to nearly $1 billion in this fiscal year alone. This decision enables Starbucks to meet record customer demand and partner needs in an operating environment deeply impacted by COVID. On a call with investors, CEO Howard Schultz said, “What you will see is the transformation of the Starbucks customer and partner [employee] experiences. The transformation will accelerate …

May 11, 2022

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Starbucks President and CEO to Retire in April

by Katie Lee March 16, 2022

Seattle — 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 5 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 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 …

March 16, 2022