Starbucks CEO Kevin Johnson to retire April 4; founder Howard Schultz returns as interim CEO

STARBUCKS CORP

Kevin Johnson retiring after 13 years (5 as CEO); effective April 4, 2022; will serve as special consultant through September.
Howard Schultz, founder, appointed interim CEO and board member effective April 4; base salary of $1, no other comp.
Board CEO search with Russell Reynolds since 2021; expects successor by Fall 2022.
Schultz previously led Starbucks from 1987 to 2018; stock gained 21,000% from 1992 IPO to 2018 under his tenure.
Johnson's tenure includes Nestlé Global Coffee Alliance, 45M Starbucks Rewards members, and pandemic partner support.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Howard Schultz

interim president and chief executive officer

SBUX · STARBUCKS CORP

Effective: 2022-04-04
Filed: March 16, 2022, 7:59 PM ET

the board appointed Starbucks founder and former president and chief executive officer, Howard Schultz, as interim president and chief executive officer and as a member of the board, effective April 4, 2022.

Departed

Kevin R. Johnson

president and chief executive officer

SBUX · STARBUCKS CORP

Effective: 2022-04-04
Successor: Howard Schultz
Filed: March 16, 2022, 7:59 PM ET

On March 13, 2022, Kevin R. Johnson notified the board of directors (the “board”) of Starbucks Corporation (“Starbucks”) of his decision to retire as president and chief executive officer and as a member of the board, effective April 4, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard Schultz was appointed as interim president and chief executive officer at STARBUCKS CORP.

Action: appointed
Role: interim president and chief executive officer

Exact text from the filing

the board appointed Starbucks founder and former president and chief executive officer, Howard Schultz, as interim president and chief executive officer and as a member of the board, effective April 4, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin R. Johnson departed as president and chief executive officer at STARBUCKS CORP.

Action: retire
Role: president and chief executive officer

Exact text from the filing

On March 13, 2022, Kevin R. Johnson notified the board of directors (the “board”) of Starbucks Corporation (“Starbucks”) of his decision to retire as president and chief executive officer and as a member of the board, effective April 4, 2022.

View on SEC.gov

STARBUCKS CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-076780

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