Extended Stay Hotels® announced today that the Board of Directors has elected Jim Donald to replace Gary DeLapp as Chief Executive Officer, effective immediately. Mr. Donald served as President and Chief Executive Officer of Starbucks Corporation, the world’s #1 specialty coffee retailer, before stepping down in 2008. Mr. Donald joined Starbucks in 2002 as President of Starbucks North America where he managed operations for all Starbucks stores in the U.S. and Canada. During his tenure, Starbucks enjoyed record growth, including five straight years of 20%+ annual earnings increases. Most recently, Mr. Donald served as President and Chief Executive Officer of Haggen, Inc. , the Pacific Northwest’s largest independent grocer. Prior to Starbucks, Mr. Donald had a series of successful leadership roles in the grocery industry. After more than fifteen years as an executive at Albertson’s, Mr. Donald led Wal-Mart into the grocery business. In less than four years, Mr. Donald grew Wal-Mart Supercenters from 0 to 148 stores, positioning the company to become the #1 grocer in the United States. Following Wal-Mart, Mr. Donald spent several years at Safeway before serving as Chairman and Chief Executive Officer of Pathmark Stores, a business he successfully reorganized and took public before joining Starbucks.
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