(AOF) – Starbucks, whose stock fell by almost 1% in pre-market trading, announced the departure of its general manager Howard Schultz from the board of directors of the coffee chain. The former emblematic boss of Starbucks remains its president emeritus. He had prepared his succession by handing over management of the group to Laxman Narasimhan in March.
Howard Schultz “transformed Starbucks from a small company selling only whole beans” to today’s company, which has “more than 36,000 stores in 86 markets around the world,” and “IPOed on June 26 1992,” the Seattle-based group said in a press release.
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