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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ1E03G_L.jpgLast week, U.S. Senator Bernie Sanders, who chairs a committee on labor issues, and 10 other members of the committee asked Schultz to answer by Feb. 14 whether he would take part.
Schultz, who re-joined Starbucks as interim CEO in April 2022, will “fully transition” out of the role next month, said Starbucks acting executive vice president and general counsel Zabrina Jenkins in the letter.
“Given the timing of the transition, his relinquishment of any operating role in the company going forward and what we understand to be the subject of the hearing, we believe another senior leader with ongoing responsibilities is best suited to address these matters,” Jenkins wrote.