Starbucks considering only external candidates for CEO
Nadya So/iStock Editorial via Getty Images


Starbucks (NASDAQ:SBUX) is considering only external candidates for its next CEO, says interim CEO Howard Schultz - WSJ.
The company is looking forward to add new talent and skills to its senior leadership ranks.
Mr. Schultz returned on April 4 to succeed Kevin Johnson on an interim basis, his third stint running the company that he built from a local Seattle coffee-shop chain into a global giant.
The company intends to identify a new CEO by the fall.
Schultz plans will remain as interim CEO through 1Q23, Thereafter, he will remain on the company's Board.
On Friday June 3, the company reopened almost 600 of the 940 stores it operated in China.
Shares up 1.5% premarket but on YTD basis, the company lost around 32%.