19.6.2003: Meldung: Starbucks Coffee Company: Senator Bill Bradley and Olden Lee to Board of Directors

Starbucks Appoints Senator Bill Bradley and Olden Lee to Board of Directors
Tuesday June 17, 4:03 pm ET

SEATTLE---June 17, 2003--Starbucks Coffee Company (Nasdaq:SBUX - News) announced today that Sen. Bill Bradley and former PepsiCo executive Olden Lee have joined the Company"s Board of Directors. With the addition of Sen. Bradley and Lee, three-quarters of all the Starbucks directors meet all of the independence requirements of NASDAQ and the U.S. Securities and Exchange Commission. They join 10 current board members: Barbara Bass, Howard Behar, Craig Foley, Gregory Maffei, Arlen Prentice, Howard Schultz, James Shennan, Jr., Orin Smith, Mike Ullman and Craig Weatherup. In January, the board approved its expansion to 12 members.

"These are still the early days of our growth and expansion as we build an enduring, global brand," said Howard Schultz, chairman of the Starbucks board. "We are very pleased that we have been able to attract such accomplished and experienced individuals like Bill and Olden. They join other distinguished members of our board and we look forward to their contributions."

Bradley, 59, is a managing director of Allen & Company LLC. Additionally, he is chief outside advisor to McKinsey & Company"s non-profit practice. Sen. Bradley also served as senior advisor and vice chairman of the International Council of JP Morgan & Co., Inc. from 1997 through 1999. At the same time, he served as an essayist for the CBS Evening News, and as a visiting professor at Stanford University, Notre Dame University and the University of Maryland. Serving in the U.S. Senate from 1979 until 1997, he represented the state of New Jersey. From 1967 through 1977, Sen. Bradley played professional basketball for the New York Knicks, during which time they won two world championships.

Lee, 61, a retired executive from PepsiCo, provided 28 years of service to the company in a number of positions of increasing responsibility. Most recently, he served as senior vice president of human resources for Taco Bell, where his accountabilities included recruiting, compensation and benefits, management development and training, and public affairs. Prior to Taco Bell, Lee served as KFC"s senior vice president managing similar accountabilities in the worldwide enterprise that encompassed 61 countries. Lee currently serves on the board of Scottsdale Healthcare Corporation, the Phoenix Art Museum, and the Business School advisory board of the University of Arizona. Lee also served as a member of the Texas Christian University international board of advisors, and interim chief executive officer of the 100 Black Men organization, where he is still a member.

About Starbucks

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world, with more than 6,500 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business. In addition to its retail operations, the Company produces and sells bottled Frappuccino® coffee drinks, Starbucks DoubleShot(TM) coffee drink, and a line of superpremium ice creams through its joint venture partnerships. The Company"s other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs.

Source: Starbucks Coffee Company
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