Starbucks Corp, the world’s biggest coffee chain, said on Monday Executive Chairman Howard Schultz is stepping down, effective June 26, where he will assume the title of ‘chairman emeritus.’ Schultz, who joined Starbucks in 1981, is credited with turning the company into a popular household name and growing it from 11 stores to more than 28,000 in 77 countries. “I set out to build a company that my father, a blue-collar worker and World War II veteran, never had a chance to work for,” Schultz wrote in a statement to past and present Starbucks partners (workers). “Together we’ve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility.” Last year, Schultz stepped down as chief executive officer to become executive chairman, handing the top job to Kevin Johnson. “There are no words to fully express our gratitude to Howard for the extraordinary company he has built,” Johnson said in a statement about Schultz’s departure. “He’s helped Starbucks earn the respect of millions around the world by always being true to a higher calling, and always being bold in creating a better future. He’s taught all of us that it’s possible to be a very different kind…
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