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Howard Schultz Steps Down From Starbucks Board After Transition Period

  • Howard Schultz, former CEO of Starbucks, is stepping down from the company's board after a planned transition.

  • Schultz recently completed his third stint as Starbucks' CEO, serving for 11 months before Laxman Narasimhan took over.

  • As CEO, Schultz focused on modernizing cafes, improving relations with baristas, and launching new products like Starbucks Oleato.

  • But Schultz also drew criticism for his aggressive anti-union stance, facing backlash from groups like Starbucks Workers United.

  • Wei Zhang will take Schultz's seat on the board, bringing experience from Alibaba that could aid Starbucks' China business.

nbcnews.com
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