Starbucks Founder Howard Schultz Steps Down From Board
- Resignation caps four-decade career at the coffee chain
- Company appoints a new director with China experience
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Starbucks Corp. founder Howard Schultz is stepping down from the company’s board effective Wednesday, the company said.
Schultz, who bought Starbucks from its original owners in 1987, built the company into a global coffee powerhouse with more than 36,000 locations in countries from the US to Japan. He also positioned the chain as a “third place” between home and work where guests could linger and sip on espresso.