Jim Donald Biography
Jim Donald is a businessman from the United States who was the CEO of Starbucks Coffee Corporation from 2005 until 2008. He was followed by Howard Schultz, the coffeehouse’s second president, who succeeded Orin C. Smith, who had managed the firm since 2000. Donald also held a number of executive positions with Albertsons.
How old is Jim Donald? – Age
He is 69 years old as of 2023. He was born in 1954 in Florida, in the United States.
Jim Donald Family – Education
Donald grew up in Florida and began working as a grocery bagger when he was 16 years old in Tampa. Donald earned a Bachelor of Business Administration degree from American Century University in Albuquerque, New Mexico. He held many managerial positions at Albertsons from 1976 to 1991. Donald completed his undergraduate degree while working at Albertsons. Donald required 15 years to complete his degree since he was frequently moving to renovate troubled Albertsons locations.
Jim Donald Net Worth
He has an estimated net worth of $700 million.
Jim Donald Career
In 1991, he was selected by Sam Walton to join Walmart to lead the improvement of its staple business and Superstore idea. Walmart was exploring different avenues regarding selling food at six stores yet hadn’t sorted out some way to grow the idea. Donald patched up the organization’s useless circulation place, which hadn’t been intended for staple capacity. When he left three years after the fact, Walmart had added basic food item deals in 140 additional stores.
Donald left Walmart for Safeway in 1994, filling in as senior VP of its 130-store eastern division until 1996. At Safeway Donald was liable for a $2.5 billion business with in excess of 10,000 workers. He prevailed with regards to switching Safeway’s four-year pattern of declining same-store deals.
Donald’s most memorable President job was at Pathmark Stores from 1996 to 2002. He took over Pathmark while the store chain was battling with obligation. Donald petitioned for a prepackaged Part 11 chapter 11 after an arrangement to sell the organization fizzled. This methodology permitted him to “quagmire off obligation and reappear with a public organization,” as per an article distributed by Forbes.
Donald joined Starbucks in 2002 as leader of the North American division. Donald supplanted Orin C. Smith as President on April 1, 2005. In January 2008, Donald was supplanted by Howard Schultz. During his residency, Starbucks appreciated record development, including five straight long stretches of 20%+ yearly profit increments. In 2009, with an end goal to switch its sickly fortunes, Haggen Food and Drug store named Donald president and Chief. In somewhere around two years Haggen was offered to Comvest Gathering. The new proprietors supplanted Donald as Chief.
In February 2012, Donald was named President of All-inclusive Lodgings by Blackstone Gathering LP (BX), Centerbridge Accomplices LP and Paulson and Co., speculation organizations which had purchased the inn network out of liquidation. Under a year after the fact, the organization was changed from an association that was weeks from reaching a financial dead end into the business that was named America’s Most Better lodging brand.
Donald left All-inclusive visit in December, 2015. Financial backers Blackstone, Centerbridge, and Paulson had the option to practically significantly increase their speculation when Long-term visit America Inc. opened up to the world in 2013. He was Chief of All-inclusive visit America from 2012 to 2015 Donald’s most memorable stretch with Albertsons was from 1976 until 1991. During that time he was head of activities in Phoenix, Arizona. Following 27 years Donald got back to Albertsons on Walk 5, 2018 as president and COO.