Starbucks Promotes Troy Alstead to Group President

Starbucks Corporation (NASDAQ: SBUX) announced Tuesday that Troy Alstead, chief financial officer and chief administrative officer, has been promoted to chief financial officer and group president, Global Business Services.

According to the company, Alstead’s promotion is a recognition of the increasing responsibility and complexity of his role overseeing Starbucks global financial, technology and supply chain operations and ensuring that the company’s overall business infrastructure is optimized to support the company’s global growth.

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“Under Troy’s leadership as chief financial officer for the past five years, Starbucks has delivered an extraordinary experience to our customers as well as exceptional operating performance, financial results and returns for our shareholders,” said Starbucks chairman, president and ceo Howard Schultz.

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Alstead (pictured above) joined Starbucks in January 1992 when it was a privately held company with just over 100 stores. Over the years, he has held numerous roles in finance and general management for Starbucks, both domestic and international.

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Rakesh Raman