Banking

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.

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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 celebrates at the NASDAQ MarketSite on Sept. 26, 2019, the day of the company's IPO.

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

Jeff Zucker.

Mike Coppola/Getty Images for WarnerMedia


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.

Patrik Frisk



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 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

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.

Kasper Rorsted



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.

Ben Silbermann Pinterest CEO



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 in Bushwick

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.

Emily Weiss Glossier



Steve Jennings/Getty Images


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.

Bath and Body Works Black Friday



Mary Meisenzahl/Insider


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