Daily Freeman (Kingston, NY)

Schultz stepping down at Starbucks

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NEW YORK » Starbucks Corp.’s Howard Schultz is stepping down as executive chairman of the coffee company he helped transform into a global brand, and says public service may be in his future.

Schultz, 64, says he is considerin­g a range of options. He had endorsed Democratic presidenti­al nominee Hillary Clinton before the last presidenti­al election and had sometimes deflected questions about whether he would run for office.

Speculatio­n has swirled for years that Schultz might run for president. While not addressing the question directly, he told The New York Times on Monday that he was considerin­g public service and that “for some time now, I have been deeply concerned about our country — the growing division at home and our standing in the world.”

Schultz’s move comes after he ceded the day-today duties of CEO at Starbucks last year to focus on innovation and social impact projects as executive chairman. As of June 26, Starbucks says Schultz will take the title of chairman emeritus. The Seattlebas­ed chain says he is writing a book about Starbucks’ social impact moves and its efforts to redefine the role of a public company.

“Starbucks changed the way millions of people drink coffee, this is true, but we also changed people’s lives in communitie­s around the world for the better,” Schultz said in a letter to Starbucks employees.

Schultz was known for aligning himself and Starbucks with social issues like race and jobs for underprivi­leged youth — even when those efforts fell flat, like the “Race Together” campaign that encouraged workers to talk about race with customers.

More recently, as the company tried to restore its reputation after the arrests of two black men at a coffee shop in Philadelph­ia, Schultz said he didn’t want people to feel “less than” if they were refused bathroom access.

Last week, the company closed its U.S. stores for several hours for bias awareness training, one of the measures it promised after the men were arrested as they waited for an associate but hadn’t bought anything.

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