Howard Schultz Steps Down At Starbucks, May Consider Run For President

Starbucks said Monday that Howard Schultz is stepping down as executive chairman effective June 26.

(CNN Money) — Howard Schultz is leaving his job at Starbucks — and says he may consider running for president.

Starbucks announced Monday that Schultz, a former CEO and the most prominent face of the company, will step down later this month as executive chairman.

In an interview with The New York Times, he acknowledged that he may consider a bid for the White House.

“I want to be truthful with you without creating more speculative headlines,” he said. “For some time now, I have been deeply concerned about our country — the growing division at home and our standing in the world.”

Schultz has been rumored before as a potential Democratic candidate.

He started at Starbucks in 1982 and served as chief executive from 1987 to 2000 and again from 2008 to 2017.

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