Starbucks Executive Schultz To Step Aside Mulling Range Of Options


– Starbucks Corp Executive Chairman Howard Schultz is stepping away from hands-on management at the global coffee chain, effective June 26, fuelling speculation that the outspoken, liberal-leaning executive will make a U.S. presidential bid.

Schultz, 64, over roughly four decades has built Starbucks into one of the world’s most powerful global brands. Under his leadership, the Seattle-based coffeeshop chain went from 11 cafes to over 28,000 in 77 countries.

He became Starbucks’ executive chairman last year, handing the chief executive job to Kevin Johnson at a time when growth in Starbucks’ dominant U.S. market was showing signs of cooling.

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