Former Starbucks CEO Howard Schultz Steps Down From Coffee Chain’s Board

Former Starbucks CEO, Howard Schultz, is stepping down from the coffee chain’s board as part of a planned transition. Schultz, who recently held the title of chairman emeritus, didn’t provide a specific reason for his departure. As Schultz leaves the board, former Alibaba executive Wei Zhang will take his seat, potentially bringing valuable experience from the Chinese e-commerce giant to Starbucks, particularly in relation to the company's Chinese business, which is a significant market for Starbucks.