UK Markets close in 5 hrs 45 mins
  • FTSE 100

    7,268.77
    +59.96 (+0.83%)
     
  • FTSE 250

    19,347.23
    +223.52 (+1.17%)
     
  • AIM

    904.01
    +7.74 (+0.86%)
     
  • GBP/EUR

    1.1621
    +0.0003 (+0.02%)
     
  • GBP/USD

    1.2296
    +0.0026 (+0.2103%)
     
  • BTC-GBP

    17,449.35
    -59.02 (-0.34%)
     
  • CMC Crypto 200

    468.00
    +14.10 (+3.11%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • DOW

    31,500.68
    +823.28 (+2.68%)
     
  • CRUDE OIL

    107.28
    -0.34 (-0.32%)
     
  • GOLD FUTURES

    1,840.50
    +10.20 (+0.56%)
     
  • NIKKEI 225

    26,871.27
    +379.30 (+1.43%)
     
  • HANG SENG

    22,229.52
    +510.46 (+2.35%)
     
  • DAX

    13,278.02
    +159.89 (+1.22%)
     
  • CAC 40

    6,109.78
    +36.43 (+0.60%)
     

Starbucks' Schultz to remain interim CEO until March

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
Former Starbucks CEO Howard Schultz speaks during his book tour in Seattle Washington
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - Starbucks Corp said on Monday Howard Schultz would remain the coffee chain's interim chief executive officer until the end of March, as it looks for a permanent successor.

Schultz returned to lead Starbucks for a third time earlier this year, taking over from Kevin Johnson at a crucial time for the company as it deals with rising unionization of its U.S. workforce.

Starbucks is considering only external candidates for its next CEO, the Wall Street Journal reported earlier in the day. Schultz cited a need to add fresh talent and skills to its senior leadership ranks, the report said.

The company on Monday reiterated its plans to identify a successor by fall, and said Schultz would remain on the board after he steps down as CEO.

(Reporting by Uday Sampath in Bengaluru; Editing by Devika Syamnath)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting