Howard Schultz is stepping down as Executive Chairman and member of the Board of Directors of Starbucks Corporation. He will be honored with the title of chairman emeritus effective June 26th, 2018. This new move by Schulz triggered again specs about his plans to ride for the US Presidential Chair.
Here the tweet published yesterday at 13:59 pm by David Axelrod, founder of AKP&D, as well as main campaign and political advisor for President Barack Obama:
There are already several dark horse candidates for ‘20. How about a dark roast candidate?https://t.co/TYr4AEN0px
— David Axelrod (@davidaxelrod) June 4, 2018
In an interview with The Washington Post Howard Schulz said:”I intend to think about a range of options, and that could include public service.”
Be it true that he is maturing the run towards The White House or getting any other public service responsibility,the fact is that Schulz has already succeeded in his aim to prove that a business can simultaneously deliver best-in-class financial performance and share success with its people and the communities it serves.
Ullman, to succeed Schulz at Starbucks Chair
Myron E. Ullman has been appointed as next Chair of Starbucks Board of Directors and Mellody Hobson vice chair. Both will take on their roles just after Schulz leaves his responsibilities as Executive Chairman.
On April 3rd, 2017, Schultz transitioned from CEO to Executive Chairman, shifting his full-time focus to the company’s social impact initiatives as well as innovation and global development of the company’s premium Reserve brand, including Starbucks Reserve Roasteries, Reserve stores and the Company’s partnership with renowned artisanal Italian bakery, Princi.
Following his transition off the Starbucks board at the end of June, Schultz will oversee the opening of the Starbucks Reserve Roastery in Milan on Sept. 6 – marking the company’s long-awaited entry into Italy – and the New York Roastery in late October.
“I set out to build a company that my father, a blue-collar worker and World War II veteran, never had a chance to work for,” Schultz wrote in a letter addressed today to past and present Starbucks partners. “Together we’ve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility.”
Devoted to Starbucks since 1981
Schultz’s journey began in 1981, when he walked into the first Starbucks store, located in Seattle’s iconic Pike Place Market. The following year, he moved with his wife, Sheri, from New York to assume the role of director of operations and marketing. Schultz’s passion for the highest quality coffee heightened on a business trip to Italy, where he was captivated by the sense of community, romance and theater found in Italian coffee bars.
In the years following his return to Seattle, Schultz purchased Starbucks with the support of local investors and dedicated his career to bringing his vision of a modern coffee house to life in America and around the world.
Schultz elevated the concept of Starbucks as the third place between home and work: a comfortable, welcoming environment that provides uplifting experiences, community and human connection.
Among his many accolades, Schultz has been named as one of The World’s Most Influential People by Time magazine as well as Business Person of the Year by Fortune. Most recently, Schultz has received the Robert F. Kennedy Ripple of Hope Award and has been presented with the Atlantic Council’s Distinguished Business Leadership award and the NAACP LDF (Legal Defense and Education Fund) National Equal Justice award.
This year 2018, Starbucks was named the fifth most admired company in the world by Fortune, marking the 16th year in a row that the company has appeared on the global list. Starbucks was also named one of the World’s Most Ethical Companies by the Ethisphere Institute for the 12th consecutive year and was ranked as one of 2018’s Most Innovative Companies by Fast Company, most notably for its social-impact work.
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.
Under Schultz’s leadership, Starbucks has delivered a 21,000% gain in the value of its stock price since its initial public offering in 1992. The company’s growth was fueled by his decisions to provide uncommon benefits for those who work for Starbucks, including comprehensive healthcare, stock ownership and free college tuition, even for those working part-time.
Image over the headline.- On stage at the company’s 2017 Annual Meeting of Shareholders, Schultz gave incoming CEO, Kevin Johnson, the key to the company’s original Pike Place Market store. © Starbucks.