LOS ANGELES, March 22 Starbucks Corp
co-founder Howard Schultz will host his final shareholder
meeting as chief executive officer on Wednesday before Chief
Operating Officer Kevin Johnson takes the helm of the global
coffee chain on April 3.
The leadership change comes as Starbucks is revamping U.S.
cafe layouts and workflows after a shift to mobile orders led to
bottlenecks at drink delivery stations that turned off some
walk-in customers in its biggest market.
The company, which nevertheless has been outperforming many
of its peers during a prolonged slump for U.S. restaurants, will
announce the election of three new board members, preview
enhanced mobile ordering features and introduce new salad,
sandwich and dessert offerings.
Starbucks' new directors are Rosalind Brewer, former
president and CEO of Sam's Club; Jørgen Vig Knudstorp,
executive chairman of the Lego Brand Group; and Satya Nadella,
CEO of Microsoft Corp.
The company will unveil new voice ordering capabilities
being added to certain cars made by Ford Motor Co as part
of an ongoing expansion of its digital efforts.
New food items will include Roastery Affogato desserts,
which the company is testing at 20 Reserve bar stores and 100
Starbucks cafes in California, and a new Mercato lunch menu of
salads and sandwiches that will debut on April 11 in 100 Chicago
cafes before being rolled out to other U.S. locations.
After stepping down as CEO, Schultz will become executive
chairman in charge of building ultra-premium Reserve stores and
showcase Roastery and Tasting Rooms around the world. He also
will set the brand's "social impact agenda," which includes
recruiting veterans, refugees and disadvantaged youths.
(Reporting by Lisa Baertlein in Los Angeles; Editing by Lisa