Howard Schultz, the former CEO of Starbucks, has announced his decision to step down from the company’s board of directors. In an open letter to Starbucks employees, Schultz detailed his reasons for wishing to dedicate more time to philanthropy, social change, and his family.
Schultz began his career at Starbucks in 1982 and served as CEO from 1985 – 2000. He returned as CEO in 2008 and remained in that position until 2017. During that time, Schultz’s leadership reinvigorated the coffee company, expanding its retail store network and introducing products such as frappuccino and Starbucks Music.
In his open letter to Starbucks employees, Schultz stressed his commitment to continue to be a shareholder and supporter of Starbucks. He also noted his love for the company and its mission. “It has been an immense honor to have the responsibility for leading the ubiquitous brand we have created, and I will never forget the people who made that possible,” said Schultz.
Schultz has established himself as a leading voice in the field of social impact. Since leaving Starbucks, he’s launched several philanthropic initiatives, including a venture called Upwardly Global, which helps immigrants find employment in the US. He’s also been active in advocating for social and racial justice.
At Starbucks, Schultz was beloved by employees and customers alike. His leadership inspired unprecedented loyalty among employees, while customers responded well to his dynamic and innovative approach to business. Schultz leaves behind an impressive legacy of corporate leadership, social justice, and ethically-minded operations.
It is no surprise that Schultz’s decision to leave the board of directors of Starbucks has been met with emotion from the company’s employees, customers, and shareholders. As an iconic figure in the coffee business, he will be remembered for his passion and dedication to Starbucks. Schultz’s influence on the company will remain as Starbucks continues to define itself as a leader in social justice and responsible business.
