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Starbucks COO exits, company eliminates role

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Starbucks Chief Operating Officer John Culver is exiting, and the company is eliminating the role.

Culver, who has worked as the company for two decades, is leaving amid a restructuring.

As the company eliminates the COO role, many of Culver's direct reports will be managed by interim CEO Howard Schultz.

Read more from CNBC.

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