The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Starbucks Promotes Chief Financial Officer Troy Alstead to Chief Financial Officer and Group President, Global Business Services

Tuesday, September 17, 2013

Starbucks Promotes Chief Financial Officer Troy Alstead to Chief Financial Officer and Group President, Global Business Services

15:01 EDT Tuesday, September 17, 2013

SEATTLE (Business Wire) -- Starbucks Corporation (NASDAQ: SBUX) today announced that Troy Alstead, chief financial officer and chief administrative officer, has been promoted to chief financial officer and group president, Global Business Services. Alstead's promotion is a recognition of the increasing responsibility and complexity of his role overseeing Starbucks global financial, technology and supply chain operations and ensuring that the company's overall business infrastructure is optimized to support the company's global growth.

Troy Alstead, Starbucks chief financial officer and group president, Global Business Services. (Phot ...

Troy Alstead, Starbucks chief financial officer and group president, Global Business Services. (Photo: Business Wire)

“Under Troy's leadership as chief financial officer for the past five years, Starbucks has delivered an extraordinary experience to our customers as well as exceptional operating performance, financial results and returns for our shareholders,” said Starbucks chairman, president and ceo Howard Schultz. “Troy's strategic business and financial acumen, discipline and leadership have been instrumental to our short- and long-term growth. As we continue to expand to new markets and channels, his role as group president leading Starbucks Global Business Services will be critical to ensuring the company's continued success.”

Alstead joined Starbucks in January 1992 when it was a privately held company with just over 100 stores. Over the years, he has held numerous roles in finance and general management for Starbucks, both domestic and international. He has held finance positions of increasing responsibility, including leadership of the corporate finance, accounting, tax, and treasury functions, as well as leadership of global financial management, decision support, planning, and business development for Starbucks operating units around the world.

Alstead was one of the original members of the Starbucks International team, contributing to the development of the international business from the beginning. Beyond his finance roles, he led the operations and development of the international business as senior vice president for Starbucks Coffee International, and later led the company's business in Europe, Middle East, and Africa as interim president of that regional business unit. Alstead later held the position of chief operating officer, Starbucks Greater China.

About Starbucks Corporation

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.

Starbucks Corporation
Media:
Zack Hutson, +1-206-318-7100
press@starbucks.com
or
Investor Relations:
JoAnn DeGrande, +1-206-318-7118
investorrelations@starbucks.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections