Starbucks CEO Howard Schultz to step down

Starbucks Chief Executive Officer Howard Schultz will be stepping down in April of next year, according to a press release from the coffee giant released Thursday.

Schultz is moving into the role of executive chairman while current Chief Operating Officer Kevin Johnson was announced to be the new CEO at that time.

Read the company's full release here.

This is a developing story. Stay with First Coast News for updates.

(© 2016 WTLV)


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