Starbucks 2010 Annual Report Download - page 14

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Seasonality and Quarterly Results
Our business is subject to seasonal fluctuations, including fluctuations resulting from the holiday season. Cash flows
from operations are considerably higher in the first fiscal quarter than the remainder of the year. This is largely
driven by cash received as Starbucks Cards are purchased and loaded during the holiday season. Since revenues
from the Starbucks Cards are recognized upon redemption and not when purchased, seasonal fluctuations on the
consolidated statements of earnings are much less pronounced. Quarterly results can be affected by the timing of the
opening of new stores and the closing of existing stores. For these reasons, results for any quarter are not necessarily
indicative of the results that may be achieved for the full fiscal year.
Employees
Starbucks employed approximately 137,000 people worldwide as of October 3, 2010. In the US, Starbucks
employed approximately 107,000 people, with 101,000 in company-operated retail stores and the remainder in
administrative and regional offices, and store development, roasting and warehousing operations. Approximately
30,000 employees were employed outside of the US, with 29,000 in company-operated retail stores and the
remainder in regional support facilities and roasting and warehousing operations. The number of Starbucks
employees represented by unions is not significant. We believe our current relations with our employees are good.
Executive officers of the registrant
Name Age Position
HowardSchultz ................... 57 chairman, president and chief executive officer
Cliff Burrows ..................... 51 president,StarbucksCoffeeUS
JohnCulver ...................... 50 president,StarbucksCoffeeInternational
JeffHansberry .................... 46 president,GlobalConsumerProducts and
Foodservice
MichelleGass .................... 42 president,Seattle’s Best Coffee
ArthurRubinfeld .................. 57 president,GlobalDevelopment
Annie Young-Scrivner .............. 41 chiefmarketingofficer
TroyAlstead ..................... 47 chieffinancialofficer and chief administrative officer
Paula E. Boggs .................... 51 executivevicepresident,generalcounsel and
secretary
Peter D. Gibbons .................. 49 executivevicepresident,GlobalSupply Chain
Operations
KalenHolmes .................... 44 executivevicepresident,PartnerResources
Stephen Gillett .................... 34 executivevicepresident,chiefinformationofficer and
GM Digital Ventures
VivekVarma ..................... 44 executivevicepresident,PublicAffairs
Howard Schultz is the founder of Starbucks and serves as the chairman, president and chief executive officer.
Mr. Schultz has served as chairman of the board since Starbucks inception in 1985 and he resumed his role as
president and chief executive officer in January 2008. From June 2000 to February 2005, Mr. Schultz held the title
of chief global strategist. From November 1985 to June 2000, he served as chief executive officer. From November
1985 to June 1994, Mr. Schultz also served as president.
Cliff Burrows joined Starbucks in April 2001 and has served as president, Starbucks Coffee US since March 2008.
Mr. Burrows served as president, Europe, Middle East and Africa (EMEA) from April 2006 to March 2008. He
served as vice president and managing director, UK prior to April 2006. Prior to joining Starbucks, Mr. Burrows
served in various management positions with Habitat Designs Limited, a furniture and house wares retailer.
John Culver joined Starbucks in August 2002 and has served as president, Starbucks Coffee International since
December 2009. Mr. Culver served as executive vice president; president, Global Consumer Products, Foodservice
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