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Corporate Governance

Our Commitment

In June 2018, Howard Schultz retired from Starbucks. In recognition of Howard’s 36-year contribution to Starbucks, the board awarded him the honorary title of chairman emeritus. Myron E. (Mike) Ullman, III served as chair from June 2018 until his retirement in March 2021. Mellody Hobson became board chair in March 2021 having previously served as vice chair. These transitions were fully disclosed to shareholders in June 2018 and are summarized in the Starbucks 2019 Proxy Statement and Form 8-K filed December 9, 2020.

As part of Starbucks mission we are committed to maintaining our uncompromising principles while we grow. In this regard, our Board of Directors has adopted governance principles and committee charters  to lead Starbucks governance practices. Currently, our board has 11 directors, a substantial majority of whom meet all of the independence requirements of NASDAQ® and the U.S. Securities and Exchange Commission.