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Starbucks, the corporate-owned coffee behemoth, announced on Thursday that the chain&rsquo;s executive vice president and chief financial officer, Scott Maw, is retiring. Maw will step down on November 30 of this year.

According to a <a href="https://www.qsrmagazine.com/news/starbucks-cfo-scott-maw-retire-november?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-starbucks-cfo-scott-maw-to-retire-in-november-2706985" target="_blank" rel="nofollow" target="_blank">press release published by qsr.com</a>, Starbucks has launched an external search for Maw&rsquo;s replacement. Maw, who has occupied the role since 2014, will stay with the brand as a senior consultant through March 2019.

&ldquo;I am grateful for the contributions Scott has made over the past seven years that led to the unprecedented growth of Starbucks,&rdquo; said Kevin Johnson, Starbucks&rsquo; president and chief executive officer. &ldquo;As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership.&rdquo;

Read the <a href="https://www.qsrmagazine.com/news/starbucks-cfo-scott-maw-retire-november?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-starbucks-cfo-scott-maw-to-retire-in-november-2706985" target="_blank" rel="nofollow" target="_blank">full press release at qsr.com</a>.

Starbucks CFO Scott Maw to Retire in November

QSR: Starbucks CFO Scott Maw to Retire in November

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The iconic coffee brand has launched an external search for Maw’s replacement

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QSR: Starbucks CFO Scott Maw to Retire in November

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