Val Bauduin becomes Starbucks (NASDAQ: SBUX) principal accounting officer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Starbucks Corporation named Val Bauduin, 50, as its principal accounting officer, effective June 11, 2026. He remains senior vice president of Corporate Finance and Development and continues to report to executive vice president and chief financial officer Cathy Smith, who continues as the company’s principal financial officer.
Bauduin joined Starbucks in 2024, held senior finance roles in North America and corporate development, and briefly served as interim chief financial officer in March 2025. Previously, he spent a decade in leadership roles at Marriott International, including controller, chief accounting officer, and CFO of consumer operations, technology, and emerging businesses.
The company states there are no disclosable family relationships or related-party transactions involving Bauduin, and his compensation is unchanged by this designation. He will continue to participate in Starbucks’ standard compensation and benefit programs for similarly situated officers.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Executive age: 50 years
Designation date: June 11, 2026
Starbucks tenure start: 2024
+1 more
4 metrics
Executive age
50 years
Age of Val Bauduin at designation as principal accounting officer
Designation date
June 11, 2026
Date Starbucks designated Val Bauduin as principal accounting officer
Starbucks tenure start
2024
Year Val Bauduin joined Starbucks as senior vice president, Corporate Finance
Marriott leadership period
2014–2024
Years Val Bauduin held leadership roles at Marriott International
Key Terms
principal accounting officer, principal financial officer, Item 404(a) of Regulation S-K, Item 5.02
4 terms
principal accounting officer financial
"designated Val Bauduin, 50, as the Company’s principal accounting officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
principal financial officer financial
"Ms. Smith continues as the Company’s principal financial officer"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
Item 404(a) of Regulation S-K regulatory
"There are no transactions in which Mr. Bauduin has an interest requiring disclosure under Item 404(a) of Regulation S-K"
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
(206 ) 447-1575
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 11, 2026, Starbucks Corporation (the “Company”) designated Val Bauduin, 50, as the Company’s principal accounting officer. Mr. Bauduin continues to serve as senior vice president, Corporate Finance and Development, and continues to report to Cathy Smith, executive vice president, chief financial officer. Ms. Smith continues as the Company’s principal financial officer, with principal accounting officer responsibility transferring from her to Mr. Bauduin.
Mr. Bauduin joined Starbucks in 2024 as senior vice president, Corporate Finance, before transitioning to senior vice president, North America Finance in 2025. In 2026, he was appointed as senior vice president of Corporate Finance and Development. Mr. Bauduin also served as interim chief financial officer of the Company during March 2025. From 2014 to 2024, Mr. Bauduin held various leadership roles at Marriott International, including serving as controller and chief accounting officer, and then as CFO of consumer operations, technology, and emerging businesses.
There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. Bauduin and any of the Company’s executive officers or directors or persons nominated or chosen to become a director or executive officer. There are no transactions in which Mr. Bauduin has an interest requiring disclosure under Item 404(a) of Regulation S-K.
No changes to Mr. Bauduin’s compensation were implemented in connection with his designation as principal accounting officer, and Mr. Bauduin will continue to participate in the Company’s existing compensation and benefit programs applicable to similarly situated officers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| STARBUCKS CORPORATION | ||||||||||||||
| Dated: | June 12, 2026 | |||||||||||||
| By: | /s/ Joshua C. Gaul | |||||||||||||
| Joshua C. Gaul | ||||||||||||||
| vice president, assistant general counsel and corporate secretary | ||||||||||||||
FAQ
What executive change did Starbucks (SBUX) announce on June 11, 2026?
Starbucks designated Val Bauduin as its principal accounting officer on June 11, 2026. He continues as senior vice president, Corporate Finance and Development, reporting to CFO Cathy Smith, who remains the company’s principal financial officer despite transferring principal accounting responsibilities.
Who is Val Bauduin and what is his background before becoming Starbucks (SBUX) principal accounting officer?
Val Bauduin is 50 and serves as senior vice president, Corporate Finance and Development at Starbucks. He joined Starbucks in 2024 after a decade at Marriott International in leadership roles including controller, chief accounting officer, and CFO of consumer operations, technology, and emerging businesses.
Does the appointment of Val Bauduin as Starbucks (SBUX) principal accounting officer change Cathy Smith’s role?
Cathy Smith continues as executive vice president and chief financial officer of Starbucks. She remains the company’s principal financial officer, with only principal accounting officer responsibilities transferred from her to Val Bauduin as part of this organizational change.
Were there any compensation changes for Val Bauduin with his new role at Starbucks (SBUX)?
No compensation changes were implemented for Val Bauduin in connection with his designation as principal accounting officer. He will continue to participate in Starbucks’ existing compensation and benefit programs that apply to other similarly situated company officers.
What prior roles has Val Bauduin held within Starbucks (SBUX)?
Within Starbucks, Val Bauduin joined as senior vice president, Corporate Finance in 2024, became senior vice president, North America Finance in 2025, then senior vice president of Corporate Finance and Development in 2026, and served briefly as interim chief financial officer in March 2025.