top of page

Starbucks’ Next CEO Will Be An External Hire

  • Jun 14, 2022
  • 1 min read

Written by: Katie Scott, Business Reporter

In an interview with The Wall Street Journal, Howard Schultz revealed that the new CEO of Starbucks will come from outside of the company’s ranks.


Schultz, the company’s interim CEO, stated that he is not a candidate to stay in the role and has already held talks with “several promising CEO prospects”. “For the future of the company, we need a domain of experience and expertise in a number of disciplines that we don’t have now,” Schultz stated to the newspaper. He suggested that the new CEO will be in place by the Autumn.


Schultz returned to the role for the third time in April, when former CEO, Kevin Johnson, retired after five years in the job. In his tenure, Johnson faced the Pandemic as well as rising voices calling for unionisation for Starbucks' workers. CNBC has been reporting on Schultz’ campaign against this “union push” but this has seen the company’s shares fall 13 percent since he re-joined.


In the interview with the WSJ, Schultz reiterated his plan to leave the role by the shareholder meeting in March.

 
 

This article is published in collaboration with Brainz Magazine’s network of global experts, carefully selected to share real, valuable insights.

Article Image

The Imperfection That Makes Real Intimacy Possible

There is a particular paradox that lives at the heart of almost everyone who has done significant spiritual work. The more refined, evolved, and self-aware they become, the harder it can quietly become to actually...

Start Now
Article Image

You're Not Burned Out, You're Out of Coherence

Every fix you’ve tried has worked on paper. The earlier nights. The cleaner calendar. The boundaries you finally held. Still, that hum underneath everything. Quiet. Persistent. Waiting. What if it...

Start Now
Article Image

Stop Calling It Reflection If You’re Just Thinking

You leave work and drive home. The radio is off. The day is still running through your head, the conversation that went off on a tangent, the meeting you should have handled differently, the decision you keep...

Start Now
Article Image

Work-Life Balance Versus Sustainable Authority

If you’ve tried to find a better balance but still feel exhausted, you’re not alone. Many high-achieving women leaders are told they need better work-life balance, but that balance often fails when the deeper...

Start Now
Article Image

Learn to Use the Power of Suggestion to Your Advantage

We are all brainwashed. Not me, I hear you say, I think for myself. Let me ask you, do your opinions reflect those of your culture? If you, like me, grew up in the Western world, chances are you believe that...

Start Now
Article Image

What is Time Blindness? 5 Coaching Tips to Improve Time Management

Do you ever find yourself wondering where the last hour went? Perhaps you sit down to answer a few emails, only to discover an entire afternoon has disappeared. Or maybe you're constantly running...

Start Now

Three Workplace Conditions That Turn Autistic Strengths into Burnout

Start Now

Why the Future of Technology Must Be Green

Start Now

The Five Decisions That Decide Your Startup's First Year

Start Now

What If Cancer Begins Long Before the Tumour?

Start Now

Nobody Let You Down, Your Expectations Did

Start Now

The Hidden Pattern Behind Narcissistic Relationships, and How to Break the Cycle

Start Now

How a Social Media Detox Helps Overcome Self-Sabotage to Refuel Motivation in Business

Start Now

Why Businesses Are Never as Prepared as They Think They Are for the Unexpected

Start Now

Be a Floor, Not a Ceiling

Start Now
bottom of page