Starbucks has announced that Troy Alstead, chief financial officer and chief administrative officer, has been promoted to chief financial officer and group president, Global Business Services.
It said that Alstead’s promotion was 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”.
Starbucks chairman, president and chief executive Howard Schultz said: “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.
“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.
Alstead was one of the original members of the Starbucks International team, contributing to the development of the international business from the beginning.
