Starbucks general counsel to leave as Schultz returns as CEO

By Hilary Russ

April 5 (Reuters) – Starbucks Corp SBUX.O General Counsel Rachel Gonzalez was dismissed from her part as Howard Schultz returns to the main executive position, according to a regulatory submitting on Tuesday.

Gonzalez will continue to serve as an adviser right until she leaves the organization on Could 20, the submitting explained.

Gonzalez experienced noted to former CEO Kevin Johnson, who claimed in March he would retire as the espresso chain faces a growing unionization travel at some of its U.S. areas.

Returning to the CEO placement for the 3rd time, Schultz on Monday suspended billions of bucks of prepared share buybacks, indicating he could place the income towards staff, suppliers and shoppers.

Starbucks shares closed down 4.5% at $84.12 soon after falling additional than 3% on Monday.

When she leaves, Gonzalez will obtain at the very least $7.5 million in severance, prorated bonuses, fairness grants and other rewards, in accordance to the filing.

(Reporting by Hilary Russ Modifying by Leslie Adler and Monthly bill Berkrot)

((Hilary.Russ@thomsonreuters.com +1 (646) 223-7381 Reuters Messaging: hilary.russ.thomsonreuters.com@reuters.net))

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