Starbucks plans to open 12,000 new stores globally by FY21
Starbucks plans to open 12,000 new stores globally by FY21

Seattle-based coffee chain Starbucks, in its 25th Annual Meeting of Shareholders has announced plans to create more than 240,000 jobs globally (68,000 in the U.S.) as it highlighted its growth plans to open 12,000 new stores globally and 3,400 new stores in the U.S. by FY21.

Howard Schultz, Chairman and CEO of Starbucks, said, "Every hour of every day, someone somewhere is walking into one of our 26,000 Starbucks stores in 75 countries around the world. As we approach our 25th year as a publicly traded company, the Starbucks brand is as relevant today as it has ever been, driven by the 330,000 people who proudly wear the green apron."

Schultz said, "As I move into my new role as executive chairman, there is only one person who can lead us into the future. For his skill, his leadership, and above all, his love for the company, I am proud to call Kevin Johnson the next ceo of Starbucks. He is perfectly positioned to lead our brand into the future together with the strongest leadership team and board in the history of Starbucks. And yet, we are still in the early stages of growth as we strive to meet our highest growth aspirations for the company."

The company's shareholders elected Rosalind Brewer, Former President and Chief Executive Officer of Sam's Club; Jørgen Vig Knudstorp, Executive Chairman of the LEGO Brand Group, and Satya Nadella, CEO of Microsoft Corporation, to the Starbucks Board of Directors, among other re-elected directors. The Starbucks Board of Directors now includes a total of 14 members.

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