In its annual investor meeting held yesterday, Starbucks said it plans to open 12,000 stores across the globe and create 240,000 new jobs by 2021, 68,000 of which will be in the U.S., MarketWatch reported. Included in the 3,400 stores being added in America are 100 Military Family Stores. Additionally, the coffee-maker giant said it will hire 25,000 veterans and military spouses by 2025.
According to the meeting outline published by the company, Starbucks CEO Howard Schultz welcomed Kevin Johnson as the new chief executive.
"As I move into my new role as executive chairman, there is only one person who can lead us into the future," Schultz said. "For his skill, his leadership, and above all, his love for the company, I am proud to call Kevin Johnson the next CEO of Starbucks. He is perfectly positioned to lead our brand into the future together with the strongest leadership team and board in the history of Starbucks."
Johnson will assume his role on April 3, MarketWatch reported, adding that, as of Wednesday, Starbucks shares were up 0.8 percent.
In 2013, the company announced plans to hire 10,000 veteran and military spouses by 2018 - a goal it has already reached.