Starbucks general counsel to leave as Schultz returns as CEO

By Hilary Russ

April 5 (Reuters) – Starbucks Corp SBUX.O Common Counsel Rachel Gonzalez was dismissed from her position as Howard Schultz returns to the main govt posture, according to a regulatory submitting on Tuesday.

Gonzalez will continue on to serve as an adviser right until she leaves the company on May 20, the submitting claimed.

Gonzalez had described to previous CEO Kevin Johnson, who reported in March he would retire as the espresso chain faces a developing unionization generate at some of its U.S. spots.

Returning to the CEO situation for the 3rd time, Schultz on Monday suspended billions of bucks of planned share buybacks, declaring he could place the dollars toward staff, shops and prospects.

Starbucks shares closed down 4.5% at $84.12 after falling extra than 3% on Monday.

When she leaves, Gonzalez will acquire at minimum $7.5 million in severance, prorated bonuses, fairness grants and other added benefits, according to the filing.

(Reporting by Hilary Russ Enhancing by Leslie Adler and Bill Berkrot)

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