Starbucks president and CEO Kevin Johnson is retiring in April after 13 years with the company, including the last five at the helm.
Howard Schultz will act as interim chief executive officer until a permanent successor is named by this fall, Starbucks announced Wednesday morning.
Johnson told the board of directors a year ago he was considering retirement as the "global pandemic neared an end," he said in a statement Wednesday. The board has been preparing for the transition since 2021, working on CEO succession planning with executive search and leadership advisory firm Russell Reynolds Associates.
