Starbucks Corp SBUX:NASDAQ

Last Price$89.02Cboe Real-Time Last Sale as of 3:00PM ET 8/15/22
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Today's Change+0.71(0.80%)
Bid (Size)$89.01 (122)
Ask (Size)$89.02 (200)
Day Low / High$88.01 - 89.06
Volume3.0 M

Market Chatter: Starbucks Only Looking at External CEO Candidates

9:14AM ET 6/06/2022 MT Newswires
Starbucks (SBUX) is considering only outside candidates for its next chief executive officer, interim CEO Howard Schultz told The Wall Street Journal.

Schultz, who ruled himself out as the permanent CEO, said Starbucks has recently talked to several CEO prospects and that the company is looking to find Schultz's successor by the fall.

"For the future of the company, we need a domain of experience and expertise in a number of disciplines that we don't have now," Schultz said. "It requires a different type of leader."

In April, Schultz succeeded Kevin Johnson on an interim basis. It is his third time running the company. Shares of Starbucks are up more than 2% in premarket trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 80.72, Change: +1.67, Percent Change: +2.11