Howard Schultz, former Starbucks CEO, steps down from company’s board
After more than four decades at Starbucks, Howard Schultz has stepped down from his role as chairman of the company’s Board of Directors.
The coffee giant’s chairman since 1985, Schultz stepped down as CEO in 2018 to focus on new business opportunities. After announcing his resignation from the board last August, Starbucks recently finalized the transition.
As the CEO of the Seattle-based company, Schultz worked to create an inclusive and embracing environment for customers. He also used his platform to speak out on political and social issues, such as those pertaining to refugees and the rights of veterans.
Schultz has also announced plans to launch a small-business venture fund for startup companies led by people of color, Black people, and veterans.
Although Schultz is no longer an official leader within the company, he will remain a Starbucks shareholder and an advisor. He recently stepped down as executive chairman of Elevated Ideas, a social impact venture.
According to the company, Starbucks will continue to focus on Schultz’s vision and values for the future of the company.