Starbucks Corp. (SBUX) announced the return of founder Howard Schultz as chief executive officer and as a director on the Board. Also, Starbucks will suspend its stock repurchasing program, effectively immediately.
Starbucks noted that during Schultz's previous four decades as CEO and chairman, the company grew from 11 stores to more than 28,000 stores in 77 markets around the world.
"I am returning to the company to work with all of you to design our next Starbucks - an evolution of our company deep with purpose, where we each have agency and where we work together to create a positive impact in the world," Howard Schultz said.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.