Starbucks Announces Transitions to Its Board of Directors webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
The retirement comes roughly five months after a new CEO took charge and amid a surge in union organizing at the company s U.S. cafes. Organizers say union supporters were illegally fired while the company has denied the allegations.
Starbucks Corp (NASDAQ: SBUX) announced on Wednesday that founder and former CEO Howard Schultz is leaving the coffee chain's board effective immediately. The move follows his departure as CEO in March of this year.
Howard Schultz to retire as director; Starbucks honors Schultz as lifelong Chairman Emeritus, forever inspired by his passion, heart, spirit, and commitment to the power of human connection
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(Reuters) -Starbucks said former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company he helped transform into a coffee behemoth that made venti cappuccinos a global phenomenon. Schultz last year called unions a "third party" that the employees "wouldn't need," adding that the company was "in a battle for the hearts and minds of our people." In March, Schultz defended himself and the company against allegations of "union busting" at a U.S. Senate committee hearing.