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Monday, January 7, 2008

Change brewing at Starbucks



Hello guys, Starbucks (SBUX) has just released a statement that Chairman Howard Schultz will take on the additional role of chief executive to replace Jim Donald, effective immediately. Schultz said he will slow the pace of U.S. store openings and close a number of underperforming locations. He will accelerate expansion outside the U.S., redeploying a portion of the capital originally earmarked for domestic stores to the international business. Schultz will also work to realign the company's organization, streamlining management. End of Story
(Marketwatch)

I like Schultz, and I think he could bring tremendous momentum and inject some much needed energy and sprint into the coffee giant.


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