Starbucks’ Howard Schultz steps down as executive chairman

  • Executive chairman of Starbucks Howard Schultz will step down on June 26
  • The memo was sent out to employees of the coffee chain on Monday
  • This comes just days after Starbucks closed 8,000 stores for anti-racism training

Howard Schultz announced Monday that he will no longer serve as the executive chairman of Starbucks.  

A memo sent out to employees of the coffee chain confirmed Shultz will leave his position on June 26.

He is a former Starbucks CEO who resigned from the top spot last April.

The announcement comes just days after the closure of 8,000 stores for an anti-racism training.

Shultz said in the memo: ‘I’ll be thinking about a range of options for myself, from philanthropy to public service, but I’m a long way from knowing what the future holds.’

Howard Schultz will no longer serve as the executive chairman of Starbucks

 

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