Schultz Stepping Down as Starbucks CEO; Will be Executive Chairman - NBC4 Washington
National & International News
The day’s top national and international news

Schultz Stepping Down as Starbucks CEO; Will be Executive Chairman

    processing...

    NEWSLETTERS

    Meet a Former Radio City Rockette Who Got Her Life Back
    AP
    In this Wednesday, March 23, 2016, file photo, Starbucks CEO Howard Schultz speaks at the coffee company's annual shareholders meeting in Seattle.

    Starbucks Chairman and CEO Howard Schultz will leave his post as the company's chief executive, the company said Thursday.

    Schultz will become the company's executive chairman, and current President and COO Kevin Johnson will become Starbucks' next CEO.

    The changes will take place on April 3, the company said.

    Starbucks shares dipped about 4 percent in after hours trading following the news of the planned leadership transition.

    US Gymnastics Team Doctor Faces Victims of Abuse in Court

    [NATL] US Gymnastics Team Doctor Faces Victims of Abuse in Court

    The first of more than 100 women sexually abused by former USA Gymnastics team physician Dr. Larry Nassar took the stand Tuesday, Jan. 16, 2018, ahead of his sentencing.

    (Published Tuesday, Jan. 16, 2018)

    Schultz first joined Starbucks in 1982 as director of operations and marketing when the company only had four stores, according to Starbucks.