Introducing new, industry-leading and more efficient coffee brewing equipment such as the new Mastrena II espresso machines and the new Starbucks Cold Brewer. Ongoing innovation and deployment of new equipment, programs and technology to improve the store experience for partners, while supporting leaders in markets across the country and continuing to raise the bar on quality and coffee craft. More than 70 additional staffing recruiters added across markets – with the goal of hiring 5,000 new partners each week. Seniority pay increases of up to 5% and 10% for eligible partners with two years and more than five years of services, respectively. Hourly pay increasing an average of 17% over 18 months, with starting ranges of $15-$23 per hour by summer 2022. In FY22 Q1, the company first shared the announcement of an incremental $1 billion in wages, training and benefits. Security of jobs and pay as well as unprecedented investments in U.S. Rossann Williams, executive vice president, president North America, today reaffirmed Starbucks continued commitment to listen, learn and work together with partners to deliver real, measurable value for partners, customers and shareholders.Ĭontinued access to innovative COVID-19 benefits for eligible partners, which include:Ĭatastrophe pay, extended childcare benefits, expanded mental health support, vaccine pay and food and beverage allowances, as well as partner benefits to help address unique needs in different parts of the world. Since 1971, partners have been the catalyst of the Starbucks Experience. Listening, Learning and Elevating the Partner Experience and China."įollowing opening remarks, joined by several members of the leadership team and green apron partners from around the world, Johnson went on to outline Starbucks continued investments and aspirations for people and the planet, and the company’s optimism for a future rooted in humanity, fueled by innovation, and architected by green apron partners.ĭuring the meeting, company leaders extended appreciation to Johnson, celebrated the resilience of green apron partners who have continued to serve communities throughout the COVID-19 pandemic, and recognized all partners as agents in the co-creation of the company’s next chapter. During Kevin’s tenure, Starbucks scaled an industry leading digital offering spanning nearly 45 million Starbucks Rewards members in the U.S. The economic certainty provided to partners during the early months of the COVID shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company. "Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. "On behalf of the entire Board, I want to express our sincerest thanks to Kevin for his leadership of Starbucks," said Hobson. Schultz will also rejoin the company’s Board of Directors. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim chief executive officer, effective April 4, 2022. In 2017, Johnson was named president and chief executive officer. Johnson, who served on the Starbucks Board since 2009, joined the Starbucks leadership team in 2015 as president and chief operating officer. Mellody Hobson, Independent Starbucks Board of Directors chair, joined Kevin Johnson, president and chief executive officer, for opening remarks following today’s news that Johnson made the personal decision to retire from the company after 13 years of service. SEATTLE, March 16, 2022-( BUSINESS WIRE)-Starbucks Corporation (NASDAQ: SBUX) today hosted its 30th Annual Meeting of Shareholders virtually. With over $25B returned to shareholders over the last four years, Starbucks recommitted to returning another $20B by 2025 Shared People Positive aspiration to enhance the well-being of one billion people, globally, by 2030ĭeepened commitment to sustainability through new partnerships, technologies and global reusability effortsĬontinued leadership in coffee craft and beverage innovation, announcing new Clover Vertica TM brewer and continued rollout of Mastrena II espresso machineĬonfirmed plans to expand to 55,000 stores in over 100 markets by 2030 Outlined investments and actions powered by – and for – green apron partners and stores around the world Starbucks Board of Directors chair, Mellody Hobson, extended sincerest thanks to retiring ceo Kevin Johnson after 13 years of service, affirming the company will continue to be a trail blazer.
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