08.03.2006 21:05:00
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Starbucks Strengthens its International Leadership Team with New and Expanded Roles
Starbucks Coffee Company (NASDAQ: SBUX) announced that effectiveApril 3, Cliff Burrows, senior vice president and president ofStarbucks Coffee Company (UK) Ltd., will take an expanded leadershiprole as senior vice president and president of Europe, Middle East andAfrica (EMEA), Starbucks Coffee International. Succeeding Burrows inone of Starbucks most important markets is Phil Broad, who will becomethe managing director of Starbucks United Kingdom and Ireland.
Burrows will lead the Company's efforts to enhance thedevelopment, ownership strategy and operations for Starbucksthroughout the EMEA region including the United Kingdom and Ireland.He will be based at Starbucks Regional Support Center in Amsterdam,Netherlands. Broad will be based in London and responsible forexpanding Starbucks business beyond the approximate 500 locationscurrently in the U.K. while building on the Company's early successesin Ireland.
Julio Gutierrez will transition to the newly created role ofsenior vice president, New Markets, Starbucks Coffee International. Inthis role, Gutierrez will be charged with identifying and developingnew market opportunities within EMEA. As of February 26, there aremore than 330 Starbucks stores in the region. The Company's long-termgoal is to have at least 6,000 locations in EMEA.
"As Starbucks continues to accelerate its international expansion,we must perpetually build stronger infrastructures that will allow usto meet the Company's strategic growth objectives," said Martin Coles,president, Starbucks Coffee International. "Cliff's and Julio's pastsuccesses, extensive experience, knowledge of the business andStarbucks culture, as well as Phil's credentials in the restaurant andretail industries, are strong indicators that these leaders willprovide the foundation we need in the region to reach our long-termgoal while continuing to deliver our legendary service and theStarbucks Experience to our customers."
Burrows joined Starbucks in May 2001 as senior vice president andpresident, Starbucks Coffee Company (UK) Ltd., and led the Company'sgrowth in the United Kingdom to nearly 500 stores, making it thefourth largest market for Starbucks. Prior to Starbucks, Burrows wasmanaging director of Habitat, a home furnishings company. During his19-year career with Habitat, he spent several years managing thecompany's franchises and new markets across Europe.
Gutierrez joined Starbucks in January 2001 as president of LatinAmerica, Starbucks Coffee International. In summer 2004, hetransitioned to the role of president, EMEA, Starbucks CoffeeInternational. During his tenure, Starbucks presence in the tworegions grew exponentially due to his acute ability to recognizebusiness opportunities and create relationships with potentialbusiness partners. Prior to Starbucks, Gutierrez was president andchief executive officer of Wal-Mart Argentina, which includedresponsibility for Sam's Club. Additionally, he was chief executiveofficer of Grupo Marti, the leading sporting goods retailer and healthfitness club industry in Mexico.
Currently, Broad is the managing director of his franchisebusiness for Outback Steakhouses. Prior to that, he was the managingdirector of T.G.I. Friday's (UK) Ltd. Previously, he was operationsdirector for T.G.I. Friday's (UK), and also held senior operations andcommercial roles with Tesco and Pizza Hut.
About Starbucks
Starbucks Corporation is the leading retailer, roaster and brandof specialty coffee in the world, with approximately 11,000 retaillocations in North America, Latin America, Europe, the Middle East andthe Pacific Rim. The Company is committed to offering the highestquality coffee and the Starbucks Experience while conducting itsbusiness in ways that produce social, environmental and economicbenefits for communities in which it does business. In addition to itsretail operations, the Company produces and sells bottledFrappuccino(R) coffee drinks, Starbucks DoubleShot(R) espresso drink,and a line of superpremium ice creams through its joint venturepartnerships. The Company's brand portfolio provides a wide variety ofconsumer products -- innovative superpremium Tazo(R) teas andexceptional Starbucks Hear Music(TM) compact discs enhance theStarbucks Experience through best-of-class products. The Seattle'sBest Coffee(R) and Torrefazione Italia(R) coffee brands enableStarbucks to appeal to a broader consumer base by offering analternative variety of coffee flavor profiles.
This release includes forward-looking statements regardinganticipated store openings. These forward-looking statements are basedon currently available operating, financial and competitiveinformation and are subject to various risks and uncertainties. Actualfuture results and trends may differ materially depending on a varietyof factors including but not limited to successful execution ofinternal performance and expansion plans, fluctuations in U.S. andinternational economies and other risks detailed in the Company'sfilings with the Securities and Exchange Commission, including the"Risk Factors" section of Starbucks Annual Report on Form 10-K for thefiscal year ended October 2, 2005. The Company assumes no obligationto update any of these forward-looking statements.
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