Starbucks board member James G. Shennan, Jr. to retire following 27 years of service;
Company expands its board of world-class, values-based leaders, attracting diversity in global technology, retail and consumer experience as it pursues its long-term plan for strong global growth and innovation
SEATTLE, January 24, 2017 – Starbucks Corporation (NASDAQ: SBUX) announced today the nominations of Rosalind Brewer, President and Chief Executive Officer of Sam’s Club, and executive vice president of Wal-Mart Stores, Inc.; Jørgen Vig Knudstorp, Executive Chairman of the LEGO Brand Group; and Satya Nadella, CEO of Microsoft Corporation, to the Starbucks Board of Directors. Each are nominated for election to the Board at the company’s Annual Meeting of Shareholders on March 22, 2017, along with the nomination of the company’s current directors other than Mr. Shennan who is retiring from the Board immediately prior to the meeting.
“For 45 years, the success of the Starbucks brand has been built upon the preservation of the trust, confidence and connection we have with our customers and partners,” said Howard Schultz, Starbucks chairman and ceo. “Innovation and pushing to alter the status quo are also core to our culture, and by welcoming three world-class, values-based leaders — Roz, Jørgen and Satya — to Starbucks Board of Directors upon their election at the Annual Meeting, we will strengthen our leadership and add unmatched expertise in technology, strategy, and retail to the company at a time of unprecedented change for our industry. I look forward to welcoming each of these leaders to Starbucks Board of Directors.”
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