The move, which is part of a broader restructuring at the coffee giant, comes as the search for a new chief executive is underway.
Howard Schultz, CEO of Starbucks, speaks during the company's annual shareholders meeting in Seattle, Washington March 19, 2014. REUTERS/David Ryder
"As we speak to the external candidates in consideration for the CEO position, we’ve shared the Reinvention Plan and our aspirations for the future," Schultz said in a message to staff. "The candidates are extremely excited and positive, and each is pleased to see we are investing ahead of the growth curve, and reimagining the partner, customer and store experience. Each leader in consideration sees the equity and power of the brand.
Beginning Aug. 22, the following employees will report to Starbucks' Chief Strategy and Transformation Officer Frank Britt:Deb Hall Lefevre, Chief Technology OfficerNick Bowles, Vice President of Strategy and Corporate DevelopmentDowdie, who will leave Starbucks to focus on board and scientific advisory work, will continue in his current role through the end of 2022.
Meanwhile, starting on Oct. 3, the following employees will report to Schultz and ultimately transition to the company's new CEO when they are fully in place:Dennis Brockman, Senior Vice President of Inclusion & DiversityInvestors will learn more about Starbucks' future strategy and receive a comprehensive update on the company's fiscal year 2023 business outlook at its Investor Day in Seattle on Sept. 13.
Earlier this month, Starbucks reported third quarter revenue up 9% to $8.2 billion. Global comparable store sales grew 3% for the three months ended July 3. Net revenue fell 21% to $913 million.
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