Starbucks eliminates COO role; John Culver to depart by Jan 1, 2023

STARBUCKS CORP

John Culver exits as group president, North America and COO effective Oct 1; advisory role through Jan 1, 2023.
Culver receives $3.75M severance, continued equity vesting, and 18 months of COBRA coverage.
COO role eliminated; day-to-day operations report to CEO; Frank Britt expands as EVP Chief Strategy & Transformation Officer.
Sara Kelly and AJ Jones II permanently appointed as EVP Chief Partner Officer and EVP Chief Communications & Public Affairs Officer.
George Dowdie, EVP Global Supply Chain, to leave; will remain through calendar year to assist transition.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

John Culver

group president, North America and chief operating officer

SBUX · STARBUCKS CORP

Effective: 2022-10-01
Filed: August 18, 2022, 7:59 PM ET

the chief operating officer role is being eliminated, effective as of October 1, 2022, and John Culver will be departing from the role of group president, North America and chief operating officer on such date.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Culver departed as group president, North America and chief operating officer at STARBUCKS CORP.

Action: departing
Role: group president, North America and chief operating officer

Exact text from the filing

the chief operating officer role is being eliminated, effective as of October 1, 2022, and John Culver will be departing from the role of group president, North America and chief operating officer on such date.

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STARBUCKS CORP filing history →

Source: SEC EDGAR

accession 0000829224-22-000043

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