Schultz shared the news in a post on LinkedIn, recounting how he, his wife Sheri, and their golden retriever Jonas, made the move from New York City to Seattle<\/a> 44 years ago.<\/p>\n “We were starting a new life,” Shultz wrote, recalling how Sheri would be their primary income earner as he started a new job “at a place called Starbucks” in September 1982.<\/p>\n Schultz would later become the coffee company’s CEO, serving in the position from 1986 to 2000, from 2008 to 2017, and as its interim CEO from 2022 to 2023.<\/p>\n STARBUCKS TO OPEN NEW OFFICE IN NASHVILLE, MOVE SOME JOBS FROM SEATTLE<\/a><\/p>\n Howard Schultz, CEO of Starbucks, speaks during the company’s annual shareholders meeting in Seattle, Washington March 19, 2014. (David Ryder \/ Reuters Photos)<\/p>\n “The spirit of continuing forward has long underpinned our approach to life\u2014in business, in philanthropy and most importantly, as a family,” Schultz wrote.\u00a0“For those of you who know us well, we have entered the \u2018retirement\u2019 phase of our lives. (A term we are both just getting used\u00a0to.)”<\/p>\n Former Starbucks CEO Howard Schultz testifies about the company’s labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, D.C., March 29, 2023.\u00a0 (SAUL LOEB\/AFP via Getty Images)<\/p>\n Schultz added that he and Sheri moved to Miami<\/a>, where they were enjoying the sunshine and being close to their kids on the East Coast as they raised their own families.<\/p>\n “We will be forever grateful for the memories made in Seattle<\/a> and the relationships built along the way,” Schultz wrote. “To the family, friends and partners who made Seattle our home for so many years, thank you.”<\/p>\n STARBUCKS’ TURNAROUND PLAN SHOWS PROMISE IN US AS SALES GROWTH RETURNS FOR FIRST TIME IN 2 YEARS<\/a><\/p>\n Schultz has an estimated net worth of $3.5 billion, according to Forbes<\/a>.<\/p>\n The news of Schultz\u2019s move to Florida comes a week after Starbucks said it will be opening a new corporate office in Nashville.<\/p>\n People pass by a Starbucks coffee shop in Manhattan, New York, on Jan. 15, 2025.\u00a0 (Mostafa Bassim\/Anadolu via Getty Images)<\/p>\n Both announcements come as Washington state has been working to pass what has been dubbed the “millionaires tax,” which would impose a 9.9% income tax on households earning more than $1 million annually.<\/p>\n Ticker Security Last Change Change % SBUX<\/a> STARBUCKS CORP. 100.77 +1.00![\"CEO](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/Starbucks-Schultz-A.jpg\")
<\/p>\n![\"Starbucks](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/howard-schultz.jpg\")
<\/p>\n![\"A](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/starbucks-.jpg\")
<\/p>\n
\n +1.00%<\/p>\n