The company has started its external search for a replacement.
Starbucks has announced that Scott Maw, executive vice president and chief financial officer, is retiring effective Nov. 30, 2018 after more than four years in the role.
Maw has been with the global coffee brand for seven years in total. He initially joined as global controller in 2011 and also served as senior vice president of Corporate Finance prior to his CFO role.
Starbucks has since launched an external search for a new CFO. After his retirement, Maw is expected to support the transition in a senior consultant function through March 2019.
“I am grateful for the contributions Scott has made over the past seven years that led to the unprecedented growth of Starbucks. As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership,” said Kevin Johnson, Starbucks president and chief executive officer.
“I am proud to have been part of such a special company and to have experienced Starbucks remarkable growth and expansion during my seven years here. I have the utmost confidence in Starbucks leadership team and Kevin’s ability to drive continued growth and success in the future,” Maw added.
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