Starbucks Says Howard Schultz to Step Down as CEO, Become Chairm - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Starbucks Says Howard Schultz to Step Down as CEO, Become Chairman

Posted: Updated:

Starbucks says CEO Howard Schultz is stepping down from the coffee chain that he joined more than 30 years ago.
    
The Seattle-based company announced Thursday that Kevin Johnson will become chief executive as of April 3.
    
Schultz will become executive chairman on that date to focus on innovation and social impact activities, among other things.
    
Shares of Starbucks slid 3.6% to $56.44 in after-hours trading.
    
Johnson, currently president and chief operating officer, will take charge of the company's global business and operations. He joined the Starbucks board in 2009 and has spent years at technology companies including 16 years with Microsoft and five as Juniper Networks CEO.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • NewsMore>>

  • Eight People Found Dead in San Antonio in 'Human Trafficking Crime'

    Eight People Found Dead in San Antonio in 'Human Trafficking Crime'

    Sunday, July 23 2017 2:02 PM EDT2017-07-23 18:02:53 GMT

    Eight people have been found dead in a tractor-trailer outside a Walmart in Texas in what police are calling a horrific human trafficking case.

    More >>

    Eight people have been found dead in a tractor-trailer outside a Walmart in Texas in what police are calling a horrific human trafficking case.

    More >>
  • Climb The World's Tallest Climbing Wall and Save Homeless Pets

    Climb The World's Tallest Climbing Wall and Save Homeless Pets

    Sunday, July 23 2017 1:35 PM EDT2017-07-23 17:35:33 GMT
    403x304 SPCA logo403x304 SPCA logo

    For each person that summits the world’s tallest climbing wall, located at Basecamp Reno inside Whitney Peak Hotel, they will donate $25 to the SPCA of Northern Nevada to save homeless pets in our community.

    More >>

    For each person that summits the world’s tallest climbing wall, located at Basecamp Reno inside Whitney Peak Hotel, they will donate $25 to the SPCA of Northern Nevada to save homeless pets in our community.

    More >>
  • Reno 1868 FC Earns a Disappointing Draw with Portland

    Reno 1868 FC Earns a Disappointing Draw with Portland

    Sunday, July 23 2017 2:20 AM EDT2017-07-23 06:20:41 GMT
    Reno 1868 FC earned a much-needed point and remained unbeaten for the fifth-straight match after tying Portland Timbers 2 Saturday night. Reno tied 1-1 with Portland in front of 6,027 fans on a night filled with emotion. At halftime, Reno 1868 FC midfielder Matheus Silva returned to Greater Nevada Field for the first time since an accident at Lake Tahoe on July 4. Silva met with the heroes who helped pull him from the water and received a standing ovation from the Greater Neva...More >>
    Reno 1868 FC earned a much-needed point and remained unbeaten for the fifth-straight match after tying Portland Timbers 2 Saturday night. Reno tied 1-1 with Portland in front of 6,027 fans on a night filled with emotion. At halftime, Reno 1868 FC midfielder Matheus Silva returned to Greater Nevada Field for the first time since an accident at Lake Tahoe on July 4. Silva met with the heroes who helped pull him from the water and received a standing ovation from the Greater Neva...More >>
Powered by Frankly
All content © Copyright 2000 - 2017 Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.