Howard Schultz, the chief executive of coffee giant Starbucks, will next year take over as executive chairman when he will develop the high-end Starbucks Reserve brand.
“As I focus on Starbucks next wave of retail innovation, I am delighted that Kevin Johnson — our current president, chief operations officer, a seven-year board member and my partner in running every facet of Starbucks business over the last two years — has agreed to assume the duties...
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