LOCAL NEWS

Howard Schultz is stepping down at Starbucks

Jun 4, 2018, 1:42 PM | Updated: 4:13 pm

Starbucks executive chairman Howard Schultz is stepping down.

RELATED: How did the Starbucks bias training go?

Schultz announced his departure from Starbucks on Monday, June 4, 2018:

I write to you today enjoying a French Press of my favorite coffee, aged Sumatra, and feeling so many emotions. Pride. Nostalgia. A heavy heart. But mostly, I sit here feeling a tremendous sense of gratitude. For years I’ve had a dream to build a different kind of company, one that has the potential to enhance lives and endure long after I was gone. Thanks to you, my dream has come true.

His last day at Starbucks will be June 26, 2018. Schultz won’t be entirely absent from the Seattle coffee giant, however. He said that will become chairman emeritus. Schultz signed his announcement “Onward with love, Howard.”

Howard Schultz and Starbucks

Howard Schultz previously stepped back from his role at the company in 2016 when he left his duties as CEO and became executive chairman. Kevin Johnson stepped in as COO and president of the company at that time. And John Culver took on the role of group president of Starbucks Global Retail. Schultz said Monday that Kevin Johnson “is a true servant leader” who will lead the company into the future.

He has been focused on long-term strategy since then, growing Starbucks higher end businesses, such as its special reserve stores and roasteries. According to the New York Times, Schultz told Starbucks’ board of his intentions to retire from the company about a year ago.

Schultz came to work at Starbucks in the 1980s in its marketing department. He eventually opened his own coffee shop and purchased the Starbucks brand. Starbucks then proceeded to grow into the retail giant it is today with more than 28,000 stores in 77 countries.

Next steps and presidential speculation

The New York Times notes that speculation over Schultz’s political potential has been growing, particularly when it comes to running for president. When asked about any intentions to run for president, Schultz told the Times that he has been “deeply concerned about our country” for some time now. He spoke to the growing division in the country and America’s standing in the world.

While he did not address the speculation directly, Schultz did tell the Times: “One of the things I want to do in my next chapter is to figure out if there is a role I can play in giving back. I’m not exactly sure what that means yet … I intend to think about a range of options, and that could include public service. But I’m a long way from making any decisions about the future.”

Local News

rapid covid test...
MyNorthwest Staff

UW doctor: When to use a PCR versus rapid antigen test for COVID-19

Dr. Geoff Baird with UW Medicine has a simple formula for weighing the two main COVID test types: PCR (polymerase chain reaction) and rapid antigen.
21 hours ago
USS John McCain...
KIRO Radio Newsdesk

Naval Station Everett welcomes USS John S. McCain

The USS John S. McCain is now docked at its new homeport, Naval Station Everett.
21 hours ago
vaccine booster, heart...
Stephanie Klein

What to know as Oct. 18 deadline for vaccine mandate approaches

The deadline for state workers, including educators, and healthcare workers to show their employers proof that they're vaccinated against COVID-19 is Monday, Oct. 18.
21 hours ago
medina...
KIRO 7 News Staff

Police: Two in custody after hit-and-run suspect rams patrol car; officer fires shots

Two people were taken into custody after a driver suspected of a hit-and-run rammed an officer’s patrol vehicle, resulting in the officer firing shots at the car Saturday night in Medina.
21 hours ago
Seattle library...
MyNorthwest Staff

Last of Seattle Public Library branch closures from pandemic comes to an end

Seattle has reopened its NewHolly library branch, meaning that for the first time since the start of the pandemic, all 27 of the city's branches are now up and running.
2 days ago
...
KIRO 7 News Staff

2 people shot in Seattle; suspect surrenders to police after SWAT negotiation

A suspect surrendered to police Saturday afternoon after two people were shot in Seattle’s Chinatown-International District, the Seattle Police Department said.
2 days ago

Sponsored Articles

...

How to Have a Stress-Free Real Estate Experience

The real estate industry has adapted and sellers are taking full advantage of new real estate models. One of which is Every Door Real Estate.
...
IQ Air

How Poor Air Quality Is Affecting Our Future Athletes

You cannot control your child’s breathing environment 100% of the time, but you can make a huge impact.
...
Swedish Health Services

Special Coverage: National Prostate Cancer Awareness Month

There are a wide variety of treatment options available for men with prostate cancer. The most technologically advanced treatment option in the Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform.
...
Marysville Police Department

Police Opportunities in a Growing, Supportive Washington Community

Marysville PD is looking for both lateral and entry level officers. Begin or continue your career in law enforcement for a growing, supportive community.
...
Comcast

Small, Minority-Owned Businesses in King County and Pierce County Can Now Apply For $10,000 Relief Grants Through Comcast RISE

Businesses in King County and Pierce County can apply beginning on October 1, 2021, at www.ComcastRISE.com for a chance to receive a $10,000 relief grant.
Courtesy of JWatch Photography....
Experience Anacortes

Summer Fun Activities in Anacortes

With minimal travel time required and every activity under the sun, Anacortes is the perfect vacation spot for all ages.
Howard Schultz is stepping down at Starbucks