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Starbucks held a virtual 30th Annual Shareholder Meeting today. After today’s announcement that Johnson made the choice to resign from Starbucks after 13 years of service, Mellody Hobson, chair of the Starbucks Board of Directors, joined Kevin Johnson for introductory remarks.
Johnson gave the opening remarks before outlining Starbucks’ ongoing investments in people and the environment, as well as the company’s optimism for a future that is grounded in humanity, driven by innovation, and designed by green apron partners. Johnson was joined by several members of the leadership team and green apron partners (employees) from around the world.
The following are the key points about today’s annual meeting of shareholders:
Starbucks declares a leadership change. Kevin Johnson has worked at Starbucks for 13 years, the past five of which he spent as CEO, and the firm just revealed today that he is to retire. Johnson will leave his present position on April 4, 2022, but he will stay on as a partner of Starbucks and a special consultant to the business and Board of Directors through the end of September. The board has named Howard Schultz interim CEO, effective April 4, 2022, to ensure seamless management of the business until a permanent replacement is named.
Johnson created the People Positive, Planet Positive, and Profit Positive frameworks, building on the rich history of the business with the goal of improving the world for Starbucks partners, farmers, customers, and the communities it serves. Through the Global Coffee Alliance with Nestlé, he boosted the company’s market penetration to almost 80 markets. He also created and carried out the Growth at Scale agenda, which considerably raised shareholder value.
Assisting clients and partners to prevent garbage from going to the landfill
As the firm looks to a resource-positive future, Starbucks has spent the last few years experimenting, learning, and getting ready to scale programs that help protect the environment. Starbucks said that by the end of 2023, consumers will be able to use their own personal reusable cup for every Starbucks visit in the United States and Canada, including in-store, at the drive-thru, and while ordering and paying for coffee using a mobile device. Personal reusable mugs are now only permitted in-store, so this is a major thing. By making reusable cups readily available to consumers for each visit, Starbucks hopes to inspire a societal shift towards them by the year 2025.
Additionally, Starbucks has launched a waste and recycling app, created by partners, to help customers navigate the ins and outs of recycling policies for their local store because the company is aware of the significant impact that placing items in the right bin has on diverting waste from landfills. There are more than 440 different methods to recycle at Starbucks locations in the US and Canada, and more than 8,000 of our locations were already recycling in some fashion before the app was released. Find out more here.
Visit Starbucks to refuel both you and your vehicle.
As of right now, all Starbucks company-operated stores in the United States are powered entirely by renewable energy, and we now get to assist in providing sustainable energy for our customers’ cars. Starting this summer, up to 15 Starbucks locations along a 1,350-mile route from the Colorado Rockies to the Starbucks Support Center (headquarters) in Seattle will offer Volvo electric vehicle chargers, powered by ChargePoint. We are aware that customers’ hesitation or decision to forego buying an electric vehicle is primarily due to infrastructure. We hope to eliminate that barrier by offering dependable charging infrastructure, which will also enable people to order their preferred Starbucks beverage while they wait.
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