x

Posted 26 January, 2021

STARBUCKS CORP appointed new CEO

CEO Change detected for ticker Nasdaq:SBUX in a 8-K filed on 26 January, 2021.


  Starbucks Corporation (the "Company" or "Starbucks") today announced that Rosalind (Roz) Brewer has informed the Company that she is resigning from her position as chief operating officer and group president, effective February 26, 2021, to become the chief executive officer of another publicly traded company.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of STARBUCKS CORP
Leisure/Arts/Hospitality • Restaurants
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean. The Channel Development segment includes roasted whole bean and ground coffees, Seattle’s Best Coffee, and Teavana-branded single-serve products. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985, and is headquartered in Seattle, WA.
Market Cap
$105B
View Company Details
STARBUCKS CORP by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Starbucks Corporation (the "Company" or "Starbucks") today announced that Rosalind (Roz) Brewer has informed the Company that she is resigning from her position as chief operating officer and group president, effective February 26, 2021, to become the chief executive officer of another publicly traded company. 

Beginning February 8, 2021, Ms. Brewer's responsibilities will transition to other members of the Starbucks leadership team. Rossann Williams, executive vice president, president U.S. company-operated business and Canada and a 16 year Starbucks partner (employee), will assume responsibility for the U.S. licensed stores, Latin America, Global Supply Chain and Global Store Concepts/Area Transformation businesses. Brady Brewer, executive vice president, chief marketing officer and a 19 year Starbucks partner, will lead technology, analytics & insights, and innovation culture and methodologies. 

Ms. Brewer will also resign her position as a member of the Company's Board of Directors effective February 26, 2021 and will no longer be a nominee for re-election at the Company's Annual Meeting of Shareholders to be held on March 17, 2021. Effective upon Ms. Brewer's departure from the Board, the size of the Board will be reduced by one.