Starbucks on Tuesday tapped company veteran John Culver as its newest chief operating officer.
Culver succeeds Roz Brewer, who exited Starbucks in February to become chief executive of Walgreens Boots Alliance. In addition to being named COO, he has also been promoted to North American group president.
Before the promotion, Culver served as Starbucks’ group president of international, channel development and global coffee, tea and cocoa. In that role, he oversaw Starbucks’ cafes across 58 international markets and its consumer packaged goods products. He’s been with the company since 2002 and currently serves on the boards of Columbia Sportswear and Kimberly-Clark.
“As we plan for the 2022 fiscal year and beyond, Starbucks is fortunate to have a deep, talented and diverse team of senior executives we are able to tap to help lead us forward,” CEO Kevin Johnson said in a statement.
Michael Conway, who currently serves as president of international licensed markets, will take over as group president of international and channel development. Michelle Burns, who serves as senior vice president of coffee and tea, has been promoted to executive vice president of global coffee, tea and cocoa.
The promotions go into effect June 28.
Shares of Starbucks are up 4% this year, giving it a market value of $132 billion, as of Tuesday’s close.
Source: Business - cnbc.com
