Summary
This 8-K filing announces a significant leadership change at Starbucks Corporation (SBUX) with the departure of Rosalind (Roz) Brewer, its Chief Operating Officer and Group President, effective February 26, 2021. Ms. Brewer is leaving to assume the CEO role at another publicly traded company. Her departure also includes stepping down from the Starbucks Board of Directors.
Key Highlights
- 1Rosalind Brewer, COO and Group President, resigns effective February 26, 2021.
- 2Ms. Brewer is leaving to become CEO of another publicly traded company.
- 3Responsibilities will be transitioned to other members of the Starbucks leadership team starting February 8, 2021.
- 4Rossann Williams will assume oversight of U.S. licensed stores, Latin America, Global Supply Chain, and Global Store Concepts/Area Transformation.
- 5Brady Brewer will lead technology, analytics & insights, and innovation culture and methodologies.
- 6Ms. Brewer will also resign from the Starbucks Board of Directors.
- 7The size of the Board will be reduced by one upon Ms. Brewer's departure from the Board.
Frequently Asked Questions
Rosalind Brewer is leaving Starbucks to become the Chief Executive Officer of another publicly traded company.
Her responsibilities will be transitioned to other Starbucks leadership team members. Rossann Williams will lead U.S. licensed stores, Latin America, Global Supply Chain, and Global Store Concepts/Area Transformation. Brady Brewer will lead technology, analytics & insights, and innovation.
Ms. Brewer's resignation is effective February 26, 2021.
Yes, Ms. Brewer will also resign from the Starbucks Board of Directors, and the size of the Board will be reduced by one upon her departure.