Starbucks Reports Principal Accounting Officer Designation
Summary
On June 11, 2026, Starbucks Corporation designated Val Bauduin, 50, as the Company's principal accounting officer. This responsibility transfers from Cathy Smith, executive vice president, chief financial officer, who continues as the principal financial officer. Mr. Bauduin continues to serve as senior vice president, Corporate Finance and Development, reporting to Ms. Smith. - Mr. Bauduin joined Starbucks in 2024 and served as interim chief financial officer in March 2025. - He previously held various leadership roles at Marriott International from 2014 to 2024, including controller and chief accounting officer. - No changes to Mr. Bauduin's compensation were implemented in connection with this designation.
Why It Matters
The designation of Val Bauduin as principal accounting officer is a material internal control signal, ensuring dedicated oversight of the company's accounting functions. His extensive background, including prior chief accounting officer experience, suggests a focus on financial reporting integrity.
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Key Quote
“On June 11, 2026, Starbucks Corporation (the "Company") designated Val Bauduin, 50, as the Company's principal accounting officer.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000829224
- Filing Date
- Friday, June 12, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral