A few months into the tenure of new CEO Kevin Johnson, Starbucks announced Wednesday, Sept. 6, a new chief operating officer: former Sam's Club CEO Rosalind Brewer.
Brewer joined Starbucks' board this year, shortly after announcing her resignation from Sam's Club, Walmart Stores Inc.'s (WMT - Get Report) warehouse store chain. Under the terms of her departure, Brewer was prohibited from working at a Walmart competing business, which the company described as "any general or specialty retail, grocery, wholesale membership club, or merchandising business," with revenues over $5 billion within two years of her departure. Before joining Sam's Club and Walmart, she was an executive at Kimberly Clark Corp. (KMB - Get Report) .
"As a passionate customer of the brand and recently elected board member, I have a deep love and admiration for the Starbucks brand and its people," Brewer said in a statement.
Beginning Oct. 2, Brewer will be based in Seattle and report to Johnson, who said in a statement that he "deeply value[s] her insight, business acumen and leadership expertise."
Johnson took the helm of the coffee giant on April 3, replacing legendary CEO Howard Schultz, who currently serves as executive chairman.
Starbucks shares rose 0.2% to $55.24 in Wednesday morning trading. Shares are down 0.7% year to date, while the S&P 500 has risen 9.8% during the same period.
More of What's Trending on TheStreet: