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Corporate Social Responsibility
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7.17.2007 - 02:46pm ET
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Starbucks Poises Organization for Continued Global Growth
Strategic Realignment of Key Executives Includes Appointment of Chief Operating Officer
(CSRwire) SEATTLE--(BUSINESS WIRE)--July 17, 2007--With a focus on rapid global
expansion, Starbucks Coffee Company (NASDAQ: SBUX) today announced the
realignment of its executive management team leveraging its strength and
experience to maximize operational resources and deliver a seamless,
global Starbucks Experience.
The new management structure includes the appointment of Martin Coles,
currently president Starbucks Coffee International, to chief operating
officer, reporting directly to president and ceo, Jim Donald.
As chief operating officer, Coles will manage global operations as the
Company continues its rapid growth. Coles will be responsible for United
States and International store operations and store development, the
Global Consumer Products Group and Supply Chain Operations.
"Martin's promotion to chief operating officer is the natural next
step in Starbucks growth as a leading international retail company. His
proven expertise in global operational excellence will be invaluable as
the Company continues on pace to double in size in the next four to five
years," commented Donald. "This is an important strategic appointment that
will optimize operations as we continue our growth around the world."
Coles brings significant global retail experience having served as
president, Starbucks Coffee International since 2004. Prior to joining
Starbucks, Coles served as president and ceo of Reebok International. His
experience also includes senior management positions such as executive
vice president, Nike, Inc.; senior vice president, international
operations for Gateway, Inc.; and vice president, operations for one of
PepsiCo, Inc.'s U.S. Bottling Operations. Coles also served in various
management roles for Procter & Gamble both in the U.K. and later in the
U.S.
"This management structure will allow us to leverage key learnings and
best practices across the enterprise. Our goal is to ensure that the
Starbucks Experience consistently exceeds expectations for every one of
our customers, in every one of our stores anywhere in the world,"
commented Coles, Starbucks coo designate.
Other Key Executive Appointments
As part of the realignment, other key appointments include long-time
Starbucks partners Jim Alling to president, Starbucks Coffee International
and Launi Skinner to president, Starbucks Coffee, U. S., who will both
report directly to Coles.
Alling most recently served as president, Starbucks Coffee U.S. During
2005 and 2006, the two fiscal years he managed the Company's largest
operating unit, the U.S. business opened 2,700 stores and U.S. net
revenues grew 45 percent from $4.3 billion in fiscal 2004 to $6.2 billion
in fiscal 2006. Prior to his most recent role, Alling held
several leadership positions in U.S. Retail including marketing,
foodservice and grocery. Alling brings strong operational experience
including driving the growth in the foodservice, licensed partnerships and
Company-operated stores areas of the U.S. business. The presidents of the
Company's five international regions will report to Alling,
providing a depth of international support and experience. Alling joined
Starbucks in 1997 following a lengthy career with Nestle USA.
Skinner, who most recently served as senior vice president, Store
Development, joined Starbucks in 1993. She was appointed to her most
recent role in October 2004. During her tenure, she successfully
strengthened the skills and expertise of the U.S. Store Development team,
which allowed the Company to rapidly expand its U.S. store
presence during that period. Under Skinner's leadership, the Company grew
its store portfolio and accelerated the opening of Drive-thru stores as
well as the expansion into underdeveloped markets. Prior to her leadership
in store development, Skinner was responsible for oversight of the
Company's largest regional operations in the Pacific
Northwest as well as vice president, Starbucks Coffee Canada. Skinner will
now be responsible for overseeing the U.S. business including retail and
foodservice operations.
"Martin, Jim and Launi's new roles demonstrate the depth and breadth
of our management team and exemplify the internal talent that is capable
of leading Starbucks growth for years to come," said Donald.
"We see unparalleled demand for Starbucks around the world. This new
infrastructure is aligned to support our continued rapid growth and is a
natural evolution of the business," said Howard Schultz, Starbucks
chairman. "These key appointments will ensure that we deliver a
consistent, quality coffee experience globally and position our Company
for continued success."
Coles, Alling and Skinner will transition into their new roles during
the next six weeks. The new management structure will take effect
September 4, 2007. As previously announced, Pete Bocian, cfo designate,
will transition to cfo on October 1, 2007.
About Starbucks
Starbucks Coffee Company provides an uplifting experience that
enriches people's lives one moment, one human being, one extraordinary cup
of coffee at a time. To share in the experience, visit www.starbucks.com.
Copyright Business Wire 2007
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