BBC: Starbucks has sacked its chief executive Jim Donald and handed the reins back to its chairman and former chief executive, Howard Schultz.
The announcement saw shares in the firm jump more than 10% in early Tuesday trading on Wall Street.
The news is part of the coffee giant's plans to lift its fortunes, which also includes closing some US stores and slowing the pace of opening new ones.
Starbucks shares have fallen 50% in the past year as its US sales have slowed.
It will give more details of its plans when it reports results on 30 January. Starbucks sacks chief executive >>>
Mark Alexander (Paperback)
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