Alstead to c.f.o. at Starbucks

by FoodBusinessNews.net Staff
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SEATTLE — Troy Alstead, currently senior vice-president of global finance, will take over the role of chief financial officer at the end of the month at Starbucks Corp.

The current c.f.o., Pete Bocian, is leaving the company to assume the role of chief administrative officer at Hewlett-Packard.

"We are extremely pleased to welcome Troy to his new role," said Howard Schultz, chairman, president and chief executive officer. "During his 16-year tenure at Starbucks, he has had a series of high profile finance jobs within the company, demonstrating a keen understanding of our business, most recently leading efforts to restructure our U.S. operations. I can think of no one better suited to lead the finance organization as we continue to implement our transformation strategy."

Mr. Alstead has held numerous leadership roles at Starbucks and was one of the original members of the Starbucks International team.

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