Starbucks said Monday that Howard Schultz will be stepping down as executive chairman and as a member of the company’s board effective June 26, The Washington Post reported.
According to The Post, Schultz “transformed a small retail chain of coffee stores into a global juggernaut of cafes, restaurants and coffee beans with more than 28,000 stores in 77 countries”.
Schultz is one of America’s well-known CEOs who is also an outspoken leader on civic issues such as immigration, LGBTQ issues and gun control.
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“This move has reignited speculation that a plan to run for political office could be in his future”, The Post said.
His resignation comes after two black men were arrested at a Philadelphia cafe for attempting to use the bathroom without buying anything, an arrest that triggered outrage and condemnation and a training of over 170000 staff on racial biases.