On Tuesday, Shares of Starbucks Corporation (NASDAQ:SBUX), subtract -0.28% and closed at 52.61in the last trading session. The last trading range of the stock ranges between $52.59 and53.32. Starbucks Coffee Company (SBUX) recently declared the promotion of Belinda Wong from president to chief executive officer of Starbucks China. Wong has been instrumental in Starbucks unprecedented growth in China – from 400 stores in 2011 to over 2,300 stores recently – by leading on the foundational values of Starbucks mission and driving meaningful innovation for Starbucks partners (employees) and local customers in China. In this role, Wong will oversee Starbucks plans to double its scale to operate 5,000 stores in China by 2021. She will continue to report to John Culver, group president, Starbucks Global Retail.
“Over the past five years, Belinda’s vision, experience and push for innovation has elevated Starbucks in the hearts and minds of the Chinese people and created a strong foundation for Starbucks growth in China,” said John Culver, group president, Starbucks Global Retail. “Belinda embodies our mission and values as a company, and her promotion will assist further propel Starbucks efforts in building the partner and customer experience for the China market over the long-term.”
“It is a privilege and honor to be designated to lead Starbucks business in China during this important time,” said Wong. “There continue to be tremendous opportunities for Starbucks in China and I look forward to further elevating the mission and values of our company through growth and innovation for our Chinese partners and customers.”
Wong joined Starbucks in January 2000 and has held a number of leadership roles across the Starbucks China and Asia Pacific region. In her elevated role, Wong will focus on the overall long-term growth strategy and lead the innovation pipeline for Starbucks China. She will be responsible for key areas, counting the vast digital and e-commerce opportunities across the market and overseeing the opening of the first international Starbucks Reserve™ Roastery in Shanghai in 2017.
Caterpillar Inc. (NYSE:CAT), dropped -0.08% and closed at $87.22 in the last trading session. The last trading range of the stock ranges between 86.77and88.20. The company’s Market capitalization is $50.74 Billion with the total Outstanding Shares of 584.23 million.