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Wednesday, October 19, 2016

Starbucks Names Its First China CEO


Starbucks Names Its First China CEO

The company said it plans to more than double its store count in China by 2021.

A Starbucks store in Kuan Zhai Alley, one of the top attractions in Chengdu, China.
A Starbucks store in Kuan Zhai Alley, one of the top attractions in Chengdu, China.
Starbucks on Wednesday named its first chief executive officer for China and said it plans to more than double its store count in that country to 5,000 by 2021.
The world’s biggest coffee chain promoted Belinda Wong to the title of CEO of Starbucks SBUX -0.28% China. Wong, who had been president of that operation, will continue to report to John Culver, group president of Starbucks Global Retail.