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Starbucks Likely to Tap Board Director to Fill Top Job as Schultz Exit Looms

  • Former Domino’s and Ulta Beauty chiefs are likely candidates
  • Schultz’s presence makes filling the CEO role complicated
     

     

Photographer: Qilai Shen/Bloomberg
Updated on

Starbucks Corp.’s hunt for a new chief executive officer has no shortage of complications: The coffee giant’s crucial China business is sputtering and its US stores are grappling with unionization efforts, potential turnoffs for plum candidates. The company lacks natural internal successors after the departure last year of two C-suite leaders.

And the leader will face the delicate matter of managing a seamless transition with Howard Schultz, the charismatic Starbucks honcho who is now serving a third stint as CEO and plans to stick around for a bit to help the new boss get settled.