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Starbucks veteran Michelle Gass leaving for Kohl's

Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp .Gass, known for having led many big initiatives at Starbucks, including the development of Frappuccino blended drinks, will join Kohl's in the newly created position on June 17, the low-price department store said on Wednesday.Gass had just been named to a new position at Starbucks, where she was set to work directly with Chairman and Chief Executive Howard Schultz. Most recently, she was president for Starbucks Europe, Middle East and Africa."The news should be viewed as disappointing to investors as Gass was highly regarded, having helped create the overall strategic blueprint for the brand," said Barclays analyst Jeffrey Bernstein.He added that Gass has been a director at Ann Inc , the parent of women's clothing chain Ann Taylor, since November 2008."We value he...

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  11. Countdown to the Cliff: Will Lawmakers Come Through?

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  1. Kohl's Nabs Starbucks Executive Michelle Gass as Chief Customer Officer

    Kohl's Corp. (KSS) is tapping Starbucks Corp. (SBUX) executive Michelle Gass, who helped orchestrate the brand's turnaround in the U.S. a few years ago and most rece...

  2. Kohl's names Starbucks' Gass chief customer officer

    Kohl's Corp said on Wednesday that Michelle Gass, who was instrumental in Starbucks Corp's U.S. turnaround several years ago, will join the department store in the n...

  3. The Most Popular American Brands In China

    By 2030, roughly two-thirds of the world's middle class will be in the Asia Pacific region, largely in China, according to a report by Ernst & Young. Currently at ar...

  4. Starbucks, Green Mountain Coffee Extend Beverage-Pod Pact

    Starbucks Corp. (SBUX) and Green Mountain Coffee Roasters Inc. (GMCR) have extended for a minimum of five years their agreement to make and sell Starbucks- and Tazo-...

  5. Starbucks Shifts Management Roles; Focus on China, Europe

    Starbucks Corp. (SBUX) is restructuring its management team to put more effort behind developing its retail business in China and further its turnaround in Europe.Th...

  6. Starbucks shuffles management, beefs up China/Asia Pacific team

    Starbucks Corp on Thursday announced a raft of management changes, including a beefing up of its team for the fast-growing China and Asia Pacific region, where it pl...

  7. Starbucks Profit Up 26%, Loyalty Program Spurs Sales

    Starbucks Corp.'s (SBUX) quarterly profit climbed 26% as the coffee giant attracted more customers with its loyalty program in the U.S. and China.Starbucks has logge...

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