Published March 1, 2016 4:37pm EST | Updated March 1, 2016 5:04pm EST

Starbucks' Former COO Alstead Resigns After Going On Sabbatical

Starbucks Corp.'s former chief operating officer Troy Alstead has resigned from the company, effective immediately, the coffee retailer said Tuesday. Alstead had been on a sabbatical since March 1, 2015 and had informed the company earlier this month that he would not be returning, according to a regulatory filing. Shares of Starbucks were mostly flat in after-hours trading after gaining 3.1% in the regular session.