Daniel Servitje
STARBUCKSAbout Daniel Servitje
Independent director of Starbucks since 2024; age 65. Executive Chair of Grupo Bimbo SAB de CV since June 2024, after serving as CEO (1997–June 2024) and Chair of the Board since 2013. Education: B.A., Universidad Iberoamericana; MBA, Stanford University. The board classifies him as independent and notes extensive multinational consumer/food leadership with ESG oversight experience .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Grupo Bimbo SAB de CV | Executive Chair | Jun 2024–present | Leads board; ESG/impact experience highlighted |
| Grupo Bimbo SAB de CV | Chairman of the Board | 2013–present | Governance leadership |
| Grupo Bimbo SAB de CV | President & Chief Executive Officer | 1997–Jun 2024 | Grew multinational food platform; drove environmental/social progress |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Grupo Bimbo SAB de CV (public, Mexico) | Director | 1994–present | Public company board oversight |
| Coca-Cola FEMSA SAB de CV (public, Mexico) | Director | 1998–2022 | Beverage industry perspective |
| Corporación Aura Solar | Chairman | n/a | Energy/ESG governance |
| Mexican Institute for Competitiveness | Director | n/a | Public policy/competitiveness |
| Latin America Conservation Council | Director | n/a | Conservation/ESG |
| The Global Consumer Goods Forum | Director | n/a | Global consumer goods collaboration |
Board Governance
| Aspect | Details |
|---|---|
| Independence status | Independent; board considered ordinary-course payments between Starbucks and Grupo Bimbo (significantly less than 1% of Grupo Bimbo revenue), found no related party transaction and no impairment of independence . |
| SBUX committee assignments | Environmental, Partner, and Community Impact Committee (member) . |
| Committee meeting cadence (FY24) | Impact Committee: 6 meetings; Audit Committee: 10; Compensation Committee: 5 . |
| Board meeting cadence (FY24) | 16 meetings; each incumbent director attended at least 75% of board/committee meetings while serving . |
| Executive sessions | Every regular board meeting includes an executive session of independent directors . |
- The Impact Committee oversees labor relations, partner health and safety, food safety, data privacy, and annual review of Starbucks’ Impact Report—areas material to Starbucks’ brand and human capital risk profile .
- The board confirms all committee members (including the Impact Committee) meet Nasdaq independence/qualification standards .
Fixed Compensation
| Component (Non-Employee Director Program, 2024 Plan Year: Mar 2024–Mar 2025) | Amount | Form/Notes |
|---|---|---|
| Annual cash retainer | $130,000 | Payable in cash or fully-vested RSUs at director election . |
| Annual equity grant | $180,000 | Fully-vested RSUs; immediate vesting . |
| Additional retainer (Lead Independent Director/Chair) | $185,000 | Cash or fully-vested RSUs; not applicable to Servitje . |
| Additional retainer (Committee Chairs) | $20,000 (Comp, Impact, Nominating); $30,000 (Audit) | Cash or fully-vested RSUs; Servitje is not a chair . |
| Perquisites/meeting fees | — | No perqs; no meeting fees . |
| Deferred compensation | Available; RSUs can be deferred to a date 3 years post-vesting or separation . |
| Director-Specific (FY2024) | Fees Earned (Cash) | Stock Awards (Grant-Date Fair Value) | Options | Total |
|---|---|---|---|---|
| Daniel Servitje | — | $373,602 | — | $373,602 |
- For Servitje, FY2024 stock awards reflect RSUs granted January 16, 2024 (partial-year joiner) and March 13, 2024; no cash fees reported .
Performance Compensation
| Element | Status |
|---|---|
| Performance-based equity for directors | Not provided; directors do not receive performance-based equity awards . |
Other Directorships & Interlocks
| Potential Interlock/Transaction | Board Determination |
|---|---|
| Ordinary-course payments between Starbucks and Grupo Bimbo (where Servitje is ex-CEO and current director) | Payments were significantly less than 1% of Grupo Bimbo revenue; not a related-party transaction; Servitje had no direct involvement; independence not impaired . |
Expertise & Qualifications
- Senior leadership of a global, multi-brand food company; international operations and distribution; consumer/retail industry expertise .
- ESG credentials: board cites experience advancing environmental and social/community impact matters .
- Identified skills: Public company board, senior leadership, brand/industry, finance, human capital, international, CSR/diversity, environmental/climate .
Equity Ownership
| Holder | Shares | Options (exercisable/within 60 days) | RSUs | Deferred Stock Units | Total Beneficial Ownership | % of Class |
|---|---|---|---|---|---|---|
| Daniel Servitje | — | — | — | 4,153 | 4,153 | * (<1%) |
- Option overhang: as of FY2024, Servitje held zero options; non-employee director options are legacy and limited (e.g., only certain long-tenured directors held options) .
- Ownership guidelines: Non-employee directors must hold stock equal to 5x annual retainer ($650,000); 5-year compliance window; all current non-employee directors are in compliance or on track .
- Hedging/short sales prohibited for directors; robust clawback policy covers cash and equity awards .
Governance Assessment
- Independence and conflicts: The board explicitly reviewed Starbucks–Grupo Bimbo payments and concluded they are de minimis, non–related-party, and do not impair Servitje’s independence—mitigating conflict risk while acknowledging supplier/customer adjacency common in global consumer networks .
- Committee fit: Placement on the Impact Committee aligns with his long-standing ESG and global supply chain background, which is directly relevant to Starbucks’ labor relations, food safety, data privacy, and sustainability oversight—key brand/operational risk areas .
- Alignment and incentives: Director pay is equity-heavy with immediate vesting RSUs and no performance-based awards; program unchanged YoY and without perquisites, which is shareholder-friendly but provides limited long-term holding incentives beyond ownership guidelines and deferral elections .
- Attendance and engagement: The board met 16 times in FY2024, with each incumbent director meeting at least 75% attendance; Impact Committee met six times, signaling active oversight of human capital and ESG topics .
- RED FLAGS: None material identified specific to Servitje. Notable monitoring items: low absolute beneficial ownership to date (4,153 DSUs) relative to the $650k ownership guideline, though he is within the five-year window and “in compliance or on target”; ongoing ordinary-course transactions with Grupo Bimbo monitored under Starbucks’ related-person policy .
Overall, Servitje brings deep global consumer/food operating expertise and ESG oversight to Starbucks’ Impact Committee with independence affirmed despite immaterial Grupo Bimbo transactions; pay/ownership structures are standard for SBUX non-employee directors, with alignment supported by guidelines and deferral but no performance-based equity for directors .