So Starbucks Is Getting A New CEO; Will It Work This Time?
December 02, 2016 at 10:14 AM EST
Starbucks CEO Howard Schultz is stepping down , a fact that appears to have investors a bit worried. Starbucks ' ( SBUX ) share price fell almost 2.6% to $57 Friday morning after suffering an even bigger drop during after-hours trading Thursday following the announcement . COO Kevin Johnson will become CEO, with Schultz focusing on a new line of high-end coffee shops. But not everyone on Wall Street is worried about the management change.