Starbucks chairman Howard Schultz stepping down

Starbucks chairman Howard Schultz stepping down

Starbucks chairman Howard Schultz stepping down

Starbucks, the world's biggest coffee chain, said on Monday Executive Chairman Howard Schultz is stepping down, effective June 26.

Last week, the company closed its US stores for several hours for bias awareness training for its employees, one of the measures it promised after the men were arrested as they waited for an associate but hadn't bought anything.

Schultz will also resign from Starbucks' board and will be named chairman emeritus, the company said.

Howard Schultz is leaving his job at Starbucks - and says he may consider running for president.

During his four decades as ceo and chairman, Schultz grew Starbucks from 11 stores to more than 28,000 stores in 77 countries, while demonstrating that a business can simultaneously deliver best-in-class financial performance and share success with its people and the communities it serves.

In an interview with The New York Times, Schultz, a Democrat who has publicly criticized US President Donald Trump, did not deny speculation that he was considering a political career. He had endorsed Democratic presidential nominee Hillary Clinton before the last presidential election and had sometimes deflected questions about whether he would run for office.

Asked specifically about a US presidential run Schultz, said in a New York Times article on Monday: "I intend to think about a range of options, and that could include public service". He spoke to the growing division in the country and America's standing in the world.

Schultz came to work at Starbucks in the 1980s in its marketing department.

"I told myself a long time ago that if I was ever going to explore a second act, I couldn't do it while still at the company", he added.

The company made headlines in April when police arrested two African-American men while they were waiting for a friend at a Starbucks near Philadelphia.

Starbucks said Myron E. "Mike" Ullman would be the new chairman of the board upon Schultz's retirement.

In the meantime, he plans on working on his family foundation, and writing a book about the social responsibility companies have.

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