EVANSTON, Ill. (BUSINESS WIRE), May 20, 2013 - The Kellogg School of Management at Northwestern University today will honor Howard Schultz, Starbucks Coffee Company (NASDAQ:SBUX) chairman, president and chief executive officer, with the 2013 Kellogg Award for Distinguished Leadership.
Mr. Schultz was selected for the award by the Kellogg School student body in recognition of his entrepreneurial spirit and transformation of Starbucks into a business with a social conscience. Kellogg School MBA student Matt Kinn nominated Mr. Schultz for the award.
“Mr. Schultz has taken a revolutionary approach to creating a uniquely authentic company,” said Mr. Kinn. “His sense of responsibility for his partners (employees) and the global communities which Starbucks serves is unprecedented. We are proud to honor Mr. Schultz with this award and recognize him as an example of the success one can achieve by staying true to one’s guiding principles.”
Mr. Schultz first joined Starbucks in 1982, as director of operations and marketing when Starbucks had only four stores. He left Starbucks for a short period of time and returned in 1987 as chief executive officer to purchase Starbucks with the help of local investors. Today, Starbucks is the premier purveyor of the finest coffee in the world, with nearly 19,000 stores and 200,000 partners in 62 countries. Earlier this year, Starbucks was ranked by Fortune Magazine as the fifth most admired company in the world.
“To be recognized by these future business leaders is a significant honor and deeply humbling,” said Mr. Schultz. “It is this pipeline of leaders, from business schools such as Kellogg, who will ensure that great, enduring companies are built on a foundation of profitability, innovation and social responsibility for years to come. I am inspired to see that this next generation of entrepreneurs and corporate managers are embracing the importance of driving business success through the lens of humanity.”
“The companies that thrive in this collaboration economy are those that understand they are now operating in a stakeholder world, not just a shareholder world. Howard is an outstanding 21st-century leader,” said Kellogg School Dean Sally Blount. “Honoring him with this prestigious award is a testament to our student body and the leadership values they are embracing through their education at Kellogg.”
Established in 2002, the Kellogg Award for Distinguished Leadership recognizes business and civic leaders who exemplify courage, vision and transformational execution. The award is an acknowledgment of leadership that is consistent with the ideals of the Kellogg School of Management and promotes Kellogg's commitment to developing leaders of the highest caliber and character.
Other recent honorees include Indra Nooyi, chairman and chief executive officer of PepsiCo; Wendy Kopp, founder and president of Teach for America; and Fred Smith, chairman, president and chief executive officer of FedEx.
Mr. Schultz will accept the award and address the Kellogg community on Monday, May 20 at 5:15 p.m. in the Owen L. Coon Forum (OLC) at the Jacobs Center.
About the Kellogg School of Management at Northwestern University
The Kellogg School of Management at Northwestern University is a premier institution for management education – a global community that believes business can be bravely led, passionately collaborative and world changing. Founded in 1908 and based just outside of Chicago, Kellogg is home to a renowned, research-based faculty and MBA students from around the world. The Kellogg School’s academic portfolio includes the Full-Time, Part-Time and Executive MBA Programs, the Ph.D. Program, and the non-degree Executive Education Program. The school offers two joint-degree programs: the JD-MBA and the MMM (MBA-MEM). Additionally, the school offers an Executive MBA Program at its campus in Miami and has forged partnerships with leading business schools in Europe, Asia, the Middle East and Canada. To learn more, visit www.kellogg.northwestern.edu.