Hoppa Anotha one!

 

Starbucks Corp. announced Wednesday that Chief Executive Kevin Johnson will retire after 13 years with the company,

Starbucks CEO stepping down with Howard Schultz returning on an interim basis
and Howard Schultz, the company’s founder and former CEO, will take on the role again on an interim basis and pay of $1

Schultz will also rejoin the company’s board, and will help with the search for a new CEO. He will be compensated $1 for his work.

Johnson was chief executive for five years after serving as chief operating officer. He has been on the board since 2009.

Johnson will step down from his current role on April 4, and will remain on the board until September. Starbucks SBUX anticipates it will choose a permanent successor in the fall.

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