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Longtime Starbucks CEO Howard Schultz, known for weighing in often on social issues and associating the brand with causes, is stepping down from the role, the company announced today. Current president and COO Kevin Johnson will become CEO of the company, effective April 3, with Schultz remaining executive chairman.
In a statement announcing the change, Schultz said: "As I focus on Starbucks next wave of retail innovation, I am delighted that Kevin Johnson—our current president, COO, a seven-year board member and my partner in running every facet of Starbucks business over the last two years—has agreed to assume the duties of Starbucks chief executive officer.
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