The Seattle Times reports that Gerry Lopez, who runs the company’s global consumer products group as well as its foodservice business and the Seattle’s Best Coffee division, is resigning from the company effective February 20.
He is being replaced by John Culver, a former Nestle executive who has been running Starbucks’ Asia Pacific business.
Lopez is said to be leaving the company for “personal reasons.”
As the Times writes, “He is the third top executive to leave Starbucks since Howard Schultz reclaimed the CEO spot last year. At that time, former CEO Jim Donald was pushed out, and last fall Chief Financial Officer Pete Bocian departed after a year to become Hewlett-Packard's chief administrative officer.”
He is being replaced by John Culver, a former Nestle executive who has been running Starbucks’ Asia Pacific business.
Lopez is said to be leaving the company for “personal reasons.”
As the Times writes, “He is the third top executive to leave Starbucks since Howard Schultz reclaimed the CEO spot last year. At that time, former CEO Jim Donald was pushed out, and last fall Chief Financial Officer Pete Bocian departed after a year to become Hewlett-Packard's chief administrative officer.”
- KC's View:
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My opinion in this has been front and center. The executive who needs to go is Howard Schultz, who seems to be thinking tactically rather than strategically since his return to the CEO job.
I won’t bore you by repeating it. If you’re interested, you can read it here:
Memo To Starbucks’ Board: Howard Schultz Must Go!
