Schultz To Depart Starbucks, Weighs A New Role In Public Service

Starbucks (SBUX) Chairman Howard Schultz will leave the coffee chain later this month, bringing to a close a nearly four-decade run at the company that ushered coffeehouse culture into mainstream American life and carved out a global restaurant empire to rival McDonald's (MCD).

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Schultz, 64, who helped grow Starbucks from 11 stores to more than 28,000 in 77 countries, will become chairman emeritus on June 26. Myron Ullman will take over as the new head of the board, the company said in a...

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