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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. Upon Howard’s retirement, Myron E. (Mike) Ullman, III was named chair and Mellody Hobson was named vice chair. This transition was fully disclosed to shareholders in June 2018 and is summarized in the Starbucks 2019 Proxy Statement.

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 13 directors, a substantial majority of whom meet all of the independence requirements of NASDAQ® and the U.S. Securities and Exchange Commission.