Starbucks To Promote CFO Troy Alstead To COO; CEO To Expand Role

(RTTNews) - Starbucks Corp. (SBUX) on Wednesday announced senior leadership changes which are effective on February 3.

In partnership with Starbucks senior leadership team, including chief digital officer Adam Brotman and chief strategy officer Matt Ryan, Starbucks chairman, president and CEO Howard Schultz will expand his focus on innovation in coffee, tea and the Starbucks Experience as well as next generation retailing and payments initiatives in the areas of digital, mobile, card, loyalty and e-commerce to position Starbucks for its next wave of global growth.

Troy Alstead will be promoted to the newly created position of chief operating officer. Alstead previously served as Starbucks chief financial officer and group president, Global Business Services.

Starbucks senior vice president of Corporate Finance, Scott Maw, will be promoted to executive vice president and chief financial officer. Maw will report to Alstead.

Craig Russell, Starbucks voice and advocate for coffee, will be promoted to executive vice president, Global Coffee. He previously served as senior vice president for the same function which he was appointed to in 2012.