A familiar face and University of Cincinnati alumnus will be taking over Starbucks this summer.
According to our media partners at the Cincinnati Enquirer, Myron "Mike" Ullman was named the next chairman of the coffee chain after Starbucks' current leader Howard Schultz announced he would be stepping down as executive chairman and member of the Board of Directors on June 26.
Does the name Ullman sound familiar? It should to Cincinnatians.
In 2007, Ullman and his wife made a $10 million gift to the College of Design and in 2016 UC showed its gratitude by renaming the school. It's now the Myron E. Ullman, Jr. School of Design, which honors his father.
Who is Mike Ullman?
According to UC, Ullman has served twice as the CEO of JC Penney and has led major companies including Louis Vuitton, Macy’s, Ralph Lauren, Nicole Miller and Liz Claiborne.
As CEO of JC Penney, he was credited for turning the company around, Newsweek reported. He also worked as a White House Fellow during President Ronald Reagan’s administration.
Ullman graduated from the UC College of Business in 1969 with a bachelor’s degree in industrial management, according to a statement from UC. His wife Cathy also graduated from DAAP in 1970 with a degree in graphic design.
He's stayed active at the university. Ullman served as UC’s vice president for business affairs from 1976 to 1981 and then joined the UC Foundation Board of Trustees.