Thomson ReutersTroy Alstead, Chief Operating Officer of Starbucks, is pictured on stage during the company’s annual shareholders meeting in Seattle
(Reuters) – Starbucks Corp said on Tuesday former Chief Operating Officer Troy Alstead would not return from his extended unpaid leave.The world’s largest coffee chain said in January last year that Alstead was taking leave to spend more time with his family.
Alstead had resigned from his position effective Feb. 29, the company said in a regulatory filing on Tuesday. (http://bit.ly/1T6ApTi)
Alstead, who helped lead Stabucks’ extensive restructuring a few years ago, had been with the company for more than two decades.
The company named director Kevin Johnson chief operating officer in January last year.
(Reporting by Abhijith G in Bengaluru; Editing by Sriraj Kalluvila)
Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.
More from Reuters:
- Boeing exec says new mid-market is ‘tough business case’
- Exclusive: SEC probe of Valeant began with review of short seller – sources
- Five murdered youth in Mexico confused for cartel members
- Moody’s cuts China outlook to ‘negative’ – cites reform, fiscal risks
- China Resources Beer says to buy SABMiller’s stake in Snow for $1.6 billion