Starbucks Corporation has confirmed that Scott Maw, Executive Vice President and Chief Financial Officer, is retiring with effect from 30 November 2018.
Mr Maw has been in the role since February 2014. Starbucks has launched an external search for a new CFO. After his retirement, Mr Maw will continue to support the transition in a senior consultant role through March 2019.
“I am grateful for the contributions Scott has made over the past seven years that led to the unprecedented growth of Starbucks,” said Kevin Johnson, Starbucks’ president and chief executive officer. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership.”
Mr Maw joined Starbucks as global controller in 2011. Prior to his role as CFO, he served as Senior Vice President of Corporate Finance where he was responsible for corporate finance, including accounting, tax and treasury.