Howard Schultz is stepping down this month as Starbucks CEO. He joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
Howard Schultz officially exits as Starbucks CEO - for a third time - this month.
He joins a growing list of executive departures in 2022, including Sheryl Sandberg from Meta and Jeff Zucker from CNN.
Check out some of the biggest executive exits of 2022.
In July, Gap announced Sonia Syngal would step down as CEO effective immediately. The retailer's executive chairman, Bob Martin, is serving as interim CEO. Syngal was Gap's CEO for only 2 years.Former CEO of Gap Inc. Sonia Syngal
MANDEL NGAN/AFP via Getty Images
In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot.Peloton co-founder John Foley
Mark Lennihan/AP
CNN President Jeff Zucker abruptly resigned from his longtime post in February, saying he had failed to disclose a romantic relationship with a network executive. Zucker had been at CNN since 2013.Jeff Zucker.
Mike Coppola/Getty Images for WarnerMedia
Sheryl Sandberg announced in early June that she would step down as COO of Meta, formerly Facebook. She had been with the company for 14 years and helped turn Facebook into an advertising juggernaut. Sandberg was often called Facebook's "adult in the room."
Joe Raedle/Getty Images
Under Armour unexpectedly announced that CEO Patrik Frisk would step down from the struggling athletic company in May after two years at the helm. Colin Browne, the company's COO, has served as interim CEO since June 1.
Olivier Douliery/AFP via Getty Images
Howard Schultz is stepping down as CEO for a third and final time on October 1. Schultz began working at Starbucks in 1982 and eventually bought the company in 1987. Schultz has been interim CEO since April, and the company announced that Laxman Narasimhan would join as the new CEO.Starbucks CEO Howard Schultz speaks at the company's Open Forum on April 4, 2022.
Starbucks video
Bed Bath & Beyond appointed board director Sue Gove as interim CEO in June, replacing Mark Tritton amid a slump in sales. The change came a few months after Chewy co-founder and activist investor Ryan Cohen bought a stake in the company and publicly criticized its turnaround strategy.Mark Tritton
John Lamparski/Getty Images
Adidas unexpectedly announced that CEO Kasper Rørsted would leave his role in 2023 before his contract runs out. Rørsted has been the head of Adidas since 2016 and spearheaded the company's often tumultuous relationship with rapper-turned-designer Kanye West.
AP/Matthias Schrader
In late June, Pinterest announced that co-founder Ben Silbermann would transition to a new role as executive chairman. Former Google executive and former Venmo CEO Bill Ready has taken over Pinterest's top job.
Horacio Villalobos/Getty Images
Dollar General announced that its CEO Todd Vasos will retire from his position effective November 1. Jeffrey Owen, who has been COO of the budget retailer, will take over as CEO. Vasos plans to stay in a senior advisory role through April 2023.Dollar General store
Insider/Brittany Chang
Glossier CEO Emily Weiss announced in a blog post earlier this year that Kyle Leahy, the company's chief commercial officer, would replace her as CEO. Weiss, who founded Glossier in 2014, will stay on as executive chairwoman.
Steve Jennings/Getty Images
Earlier this month, oil giant Shell announced that its CEO Ben van Beurden would step down at the end of the year. Van Beurdan joined Shell in 1984 and has served as CEO since 2014.Consumers fill up at a Shell gas station July 13, 2022, in Miami Beach, Fla.
Marta Lavandier/AP Photo
Reckitt Benckiser, the British consumer goods company that makes Lysol, Clearasil, and AirWick, announced earlier this year that its CEO Laxman Narasimhan would be stepping down. Narasimhan left his role to take the helm at Starbucks.Laxman Narasimhan
Guillermo Gutierrez/Bloomberg
In May, Bath & Body Works CEO Andrew Meslow announced he would resign from his role - and give up his board seat - due to health reasons. Meslow took over as CEO in May 2020.
Mary Meisenzahl/Insider
Denny's named Kelli Valade the fast-casual chain's new CEO effective June 13, replacing John Miller. Valade was once CEO of Red Lobster, and before that, she was president of Chili's Bar & Grill.Denny's.
Shutterstock
In August, Kewsong Lee abruptly stepped down as CEO of private equity juggernaut Carlyle Group. Lee left before the end of his five-year contract, which was set to expire at the end of 2022.Kewsong Lee is the CEO of the Carlyle Group.
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