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Schultz Stepping Down as Starbucks CEO; Will be Executive Chairman

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    Schultz Stepping Down as Starbucks CEO; Will be Executive Chairman
    AP
    In this Wednesday, March 23, 2016, file photo, Starbucks CEO Howard Schultz speaks at the coffee company's annual shareholders meeting in Seattle.

    Starbucks Chairman and CEO Howard Schultz will leave his post as the company's chief executive, the company said Thursday.

    Schultz will become the company's executive chairman, and current President and COO Kevin Johnson will become Starbucks' next CEO.

    The changes will take place on April 3, the company said.

    Starbucks shares dipped about 4 percent in after hours trading following the news of the planned leadership transition.

    Dog Delivers Basket of Water on Baseball Field

    [NATL] Dog Delivers Basket of Water on Baseball Field

    A viral video of minor league baseball dog delivering water at a Fort Wayne TinCaps game has surfaced on Twitter.

    Video of 'Jake the Diamond Dog' was posted as the golden retriever carried a basket filled with bottled water out to the umpire between innings taken at a recent game.

    The video was posted by Indiana news station WPTA's sports anchor Zach Groth.

    Jake delivers water to umpires on the field in a basket and reportedly makes an appearance at a variety of minor league baseball games and has done so for several years.

    (Published 5 hours ago)

    Schultz first joined Starbucks in 1982 as director of operations and marketing when the company only had four stores, according to Starbucks.