Effective immediately, Starbucks Interim CEO Howard Schultz announced to employees that he is stepping down after less than a year of returning to the company.
Schultz has been the interim CEO of Starbucks since taking over from Kevin Johnson, who resigned in March. Schultz has been the highest-ranking executive twice in the past, once from 1986 until 2000 and again from 2008 to 2017.
The news of Schultz’s departure comes amidst a tumultuous time for the company, with a federal judge ruling that the company is infringing on workers’ rights and has violated labor laws “hundreds of times.” Despite stepping down earlier than expected, Schultz is still expected to testify on March 29 before a Senate panel about the company’s alleged union-busting activity.
The union representing Starbucks Baristas released a statement about the announcement, saying that they hoped that Narasimhan would be more receptive to negotiating with them. “Over 7,500 workers have been actively organizing to return to Starbucks’ mission and values. Our movement stands for racial justice, inclusivity, and sustainability. We are hopeful that Laxman Narasimhan will chart a new path with the union and work with us to make Starbucks the company we know it can be.
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