Starbucks Promotes CFO Alstead to Operations Chief
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Starbucks Corp. Chief Executive Officer Howard Schultz is handing over day-to-day operations to the company’s chief financial officer.
Troy Alstead, 50, will be promoted to chief operating officer effective Feb. 3, Seattle-based Starbucks said in a statement. Schultz will focus more on “next-generation retailing,” digital and mobile payments, the company’s loyalty program and electronic commerce.