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Form 8-K · Current Report · Filed 2025-06-04

Starbucks Appoints New COO and Announces Leadership Changes

On June 4, 2025, Starbucks Corporation announced significant leadership changes, including the appointment of Mike Grams as Chief Operating Officer, effective immediately.

Filer
Starbucks Corporation SBUX · NASDAQ
Filed
Accession
0000829224-25-000036
CIK
0000829224
Signal
High impactConsumer Cyclical

Details

Mike Grams, who previously served as EVP, North America Chief Coffeehouse Officer, will now oversee global coffeehouse development and global supply chain in addition to his existing responsibilities. The company also announced that Brad Lerman, EVP, Chief Legal Officer, will be leaving the company in the coming months. These changes are part of the company's efforts to accelerate its performance and refocus on its core business.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New COO Appointed Key Executive Departure
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$86.60

Next session

+0.5%

Since filing

+21.5%

Latest close

$105.25

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SBUX reporting the same item, with the next session's move:

Exhibits (1)

About Starbucks Corporation

Starbucks Corporation is a renowned global leader in the coffeehouse industry, offering a wide array of beverages including coffee, tea, and other specialty drinks, alongside complementary food items. The company operates retail locations worldwide, providing customers with a unique coffeehouse experience characterized by quality products and a welcoming atmosphere. Beyond its physical stores, Starbucks significantly impacts the coffee production industry, promoting sustainable sourcing and ethical supply chain practices. Its operations extend into grocery and convenience stores through products like ready-to-drink beverages and consumer-packaged coffee. Founded in 1971 and headquartered in Seattle, Washington, Starbucks Corporation is pivotal in shaping consumer beverage preferences and enhancing global coffee culture, influencing both retail and wholesale sectors.

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