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Thursday March 9, 9:26 AM
Starbucks Strengthens Its Int'l Leadership Team(Full text of statement. Contact details below.) SEATTLE--(BUSINESS WIRE)--March 8, 2006--
Phil Broad appointed managing director, United Kingdom and Ireland Julio Gutierrez named senior vice president, New Markets Starbucks Coffee Company (NASDAQ: SBUX) announced that effective April 3, Cliff Burrows, senior vice president and president of Starbucks Coffee Company (UK) Ltd., will take an expanded leadership role as senior vice president and president of Europe, Middle East and Africa (EMEA), Starbucks Coffee International. Succeeding Burrows in one of Starbucks most important markets is Phil Broad, who will become the managing director of Starbucks United Kingdom and Ireland. Burrows will lead the Company's efforts to enhance the development, ownership strategy and operations for Starbucks throughout the EMEA region including the United Kingdom and Ireland. He will be based at Starbucks Regional Support Center in Amsterdam, Netherlands. Broad will be based in London and responsible for expanding Starbucks business beyond the approximate 500 locations currently in the U.K. while building on the Company's early successes in Ireland. Julio Gutierrez will transition to the newly created role of senior vice president, New Markets, Starbucks Coffee International. In this role, Gutierrez will be charged with identifying and developing new market opportunities within EMEA. As of February 26, there are more than 330 Starbucks stores in the region. The Company's long-term goal is to have at least 6,000 locations in EMEA. "As Starbucks continues to accelerate its international expansion, we must perpetually build stronger infrastructures that will allow us to meet the Company's strategic growth objectives," said Martin Coles, president, Starbucks Coffee International. "Cliff's and Julio's past successes, extensive experience, knowledge of the business and Starbucks culture, as well as Phil's credentials in the restaurant and retail industries, are strong indicators that these leaders will provide the foundation we need in the region to reach our long-term goal while continuing to deliver our legendary service and the Starbucks Experience to our customers." Burrows joined Starbucks in May 2001 as senior vice president and president, Starbucks Coffee Company (UK) Ltd., and led the Company's growth in the United Kingdom to nearly 500 stores, making it the fourth largest market for Starbucks. Prior to Starbucks, Burrows was managing director of Habitat, a home furnishings company. During his 19-year career with Habitat, he spent several years managing the company's franchises and new markets across Europe. Gutierrez joined Starbucks in January 2001 as president of Latin America, Starbucks Coffee International. In summer 2004, he transitioned to the role of president, EMEA, Starbucks Coffee International. During his tenure, Starbucks presence in the two regions grew exponentially due to his acute ability to recognize business opportunities and create relationships with potential business partners. Prior to Starbucks, Gutierrez was president and chief executive officer of Wal-Mart Argentina, which included responsibility for Sam's Club. Additionally, he was chief executive officer of Grupo Marti, the leading sporting goods retailer and health fitness club industry in Mexico. Currently, Broad is the managing director of his franchise business for Outback Steakhouses. Prior to that, he was the managing director of T.G.I. Friday's (UK) Ltd. Previously, he was operations director for T.G.I. Friday's (UK), and also held senior operations and commercial roles with Tesco and Pizza Hut. About Starbucks Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with approximately 11,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business. In addition to its retail operations, the Company produces and sells bottled Frappuccino(R) coffee drinks, Starbucks DoubleShot(R) espresso drink, and a line of superpremium ice creams through its joint venture partnerships. The Company's brand portfolio provides a wide variety of consumer products -- innovative superpremium Tazo(R) teas and exceptional Starbucks Hear Music(TM) compact discs enhance the Starbucks Experience through best-of-class products. The Seattle's Best Coffee(R) and Torrefazione Italia(R) coffee brands enable Starbucks to appeal to a broader consumer base by offering an alternative variety of coffee flavor profiles. This release includes forward-looking statements regarding anticipated store openings. These forward-looking statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors including but not limited to successful execution of internal performance and expansion plans, fluctuations in U.S. and international economies and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of Starbucks Annual Report on Form 10-K for the fiscal year ended October 2, 2005. The Company assumes no obligation to update any of these forward-looking statements. --30--MRO/se* CONTACT: Starbucks Coffee Company T. May Kulthol, 206-318-7100 mkulthol@starbucks.com ASIA PULSE
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