A January 29, 2014 news article at the Starbucks website announces some major movements in the senior leadership floor of the international coffee company. The new restructuring is expected to help bolster the financial and operating organization, globally. With this, CEO Howard Schultz is expanding focus on innovation and the next generation in retailing and payments initiatives.
First on the list is Chief Financial Officer and Global Business Services Group President Troy Alstead who has been promoted to the newly created position of Chief Operating Officer. Building on his 22 years of experience as a Starbucks partner, Alstead will continue to report to Schultz and will be responsible for aligning and prioritizing company investments across business units. Alstead joined Starbucks in 1992 when the company was privately held and operated just over 100 stores in the U.S. and Canada.
Starbucks senior vice president of Corporate Finance, Scott Maw, will be promoted to executive vice president and chief financial officer. Maw will report to Alstead and have oversight for Starbucks global finance function. He joined Starbucks as global controller in 2011 and brings more than two decades of finance leadership experience to his new role.
Craig Russell, Starbucks voice and advocate for coffee, will be promoted to executive vice president, Global Coffee. He previously served as senior vice president for the same function which he was appointed to in 2012. Russell will continue to report to Schultz and continue to lead all aspects of the company’s coffee strategy, quality, innovation, purchasing, education and engagement. His team also oversees Starbucks Farmer Support Centers and works closely with the company’s supply chain operations and global responsibility teams to advance the company’s ethical sourcing efforts. Russell joined Starbucks in 2001 as vice president of retail operations for Seattle’s Best Coffee. His tenure at Starbucks builds on nearly 15 years of restaurant management experience.
Source: Starbucks Newsroom
Photo by starbucks.com
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