Bilyonaryo - Business

Starbucks boss Schultz pushes departure to March 2023

Longtime Starbucks boss Howard Schultz is delaying his second departure from the coffeehouse chain until late March 2023 rather than this fall as originally announced, the company said in a statement Monday.
Having stepped down four years earlier, in 2018, Schultz returned in April to serve as interim CEO during the search for a new leader.
He said at a quarterly results presentation in early May that he intended to leave the post at the end of this year.
But the company said in a statement Monday that the board of directors has reached an agreement with the 69-year-old for him to stay on as the company’s head until the end of March 2023.
Schultz, who first joined the company in 1982, grew Starbucks from a small Seattle coffee chain into a global juggernaut. — Agence France-Presse