Our Commitment
In March 2022, Starbucks announced the retirement of Kevin Johnson, effective April 4, 2022, after a 13-year tenure at the company, including the last five years as president and chief executive officer. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022. Schultz will also rejoin the company’s Board of Directors. This transition was fully disclosed in the Form 8-K filed March 16, 2022.
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 nine directors, a substantial majority of whom meet all of the independence requirements of NASDAQ® and the U.S. Securities and Exchange Commission.