The head of the trading division of Starbucks leaves the company

Tim Scharrer, the head of the trading division of Starbucks Corp., has left the company, becoming the third executive to leave the company within the past month.

According to the memo, Andres Berron has been appointed as a new leader of the trade, quality and transportation teams. Scharrer, who left the company, was the head of operations of Starbucks Coffee Trading Co for four years.

In April, the new CEO of Starbucks Corp. will become Laxman Narasimhan. Starbucks' costs associated with labor, wages and key commodities, including coffee, are also on the rise. In the face of global supplies shortage and rising production costs, coffee prices continue to show growth. Despite the fact that arabica beans have fallen in price by 21% this year, over the past two years, the overall price increase has been about 70%.

Scharrer's departure from the company symbolizes another change in executive power since longtime leader Howard Schultz returned to the company's leadership earlier this year. In addition to Scharrer, other employees have recently left the company. Javier Teruel, a longtime member of Starbucks' board of directors, resigned earlier this month. In addition, it was decided to abolish the position of Chief Operating Officer. This position was held by John Culver, who left the company this month. George Dowdie, the chief of the chain's global supply chain, also announced his resignation at the end of 2022. The company is currently looking for a person for his position.