TL;DR
Starbucks CFO Scott Maw is retiring in November, and the company is launching an external search for his replacement. Maw will stay with the brand as a senior consultant through March 2019.
Starbucks, the corporate-owned coffee behemoth, announced on Thursday that the chain’s executive vice president and chief financial officer, Scott Maw, is retiring. Maw will step down on November 30 of this year.
According to a press release published by qsr.com, Starbucks has launched an external search for Maw’s replacement. Maw, who has occupied the role since 2014, will stay with the brand as a senior consultant through March 2019.
“I am grateful for the contributions Scott has made over the past seven years that led to the unprecedented growth of Starbucks,” said Kevin Johnson, Starbucks’ president and chief executive officer. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership.”
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This story was originally published in 1851 Franchise on June 28, 2018. Burnaze summarizes and links to the original reporting.
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