Los Angeles — sweetgreen, the seasonal restaurant with the mission of connecting people to real food, has hired Starbucks veteran Chris Carr as its new chief operations officer. “Chris’ values and leadership skills will make for an exceptional addition to the sweetgreen team,” says Jonathan Neman, co-founder and CEO of sweetgreen. “With his experience in delivering sustainable growth in retail and supply chain, we’re looking forward to Chris furthering his impact on the future of real food and amplifying our growth ahead.” Carr most recently served as Starbucks’ executive vice …
Starbucks
Seattle — Seattle-based Starbucks has started reopening its company-operated stores across the United States. Operating under modified operations and hours, including heightened safety protocols, the company has approximately 85% of stores open now and expects to have more than 90% of stores open by early June. The company is using its experience in China, where more than 98% of its stores are open and operating under revised protocols, as the foundation for its reopening in the United States amid the continued concerns of the global COVID-19 pandemic. “We have adapted …
Seattle — MOD Super-Fast Pizza Holdings, LLC (MOD Pizza) has welcomed Josh Guenser as its new chief financial officer. He will oversee financial operations, fiscal responsibility, reporting and accounting for all 480+ MOD locations across North America. Guenser joins MOD after spending the last 10+ years at Starbucks, most recently serving as senior vice president, finance, Americas. In this position, Guenser was responsible for managing the finance and accounting team overseeing the results of 18,000+ owned and licensed Starbucks stores in the United States, Canada and Latin America. During his …
Seattle — LevelTen Energy has closed a three-project renewable energy portfolio purchased by Starbucks, comprising wind and solar farms in North Carolina, Oklahoma and Texas. The power purchase agreement portfolio will provide clean power to the electricity grids that serve more than 3,000 U.S. Starbucks stores and communities by 2021, when all three projects are online. The portfolio was purchased from developers ALLETE Clean Energy, Apex Clean Energy, BayWa r.e. and Cypress Creek Renewables. Custom-built for Starbucks using LevelTen Energy’s technology-enabled procurement platform, the portfolio aggregates three strategically-located power purchase …
Through $1.3 Billion JV Acquisition, Starbucks Will Operate All Starbucks Stores in Mainland China
by Katie Lee
Seattle — Starbucks Corporation has entered into a definitive agreement to acquire the remaining 50% share of its East China (East China JV) business from joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for approximately $1.3 billion in cash consideration in the largest single acquisition in the company’s history.
Seattle — Kevin Johnson, president and chief operating officer of Starbucks Corporation and a 7-year member of the Starbucks board of directors, will assume the role and responsibilities of president and chief executive officer, effective April 3, 2017.