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Get filing alertsStarbucks separates accounting officer role from CFO, designates Val Bauduin
Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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Starbucks designated Val Bauduin as principal accounting officer, transferring accounting responsibilities from CFO Cathy Smith. Smith remains CFO and Bauduin continues reporting to her in this internal reorganization.
Item 5.02 verify on EDGAR → -
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Bauduin joined Starbucks in 2024 and briefly served as interim CFO in March 2025. He previously held controller, chief accounting officer, and CFO roles at Marriott International from 2014-2024.
Item 5.02 verify on EDGAR → -
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No compensation changes accompany the designation. Bauduin continues in existing pay structure for similarly situated officers, indicating a responsibility reallocation rather than promotion.
Item 5.02 verify on EDGAR →
Summary
Starbucks filed a routine organizational disclosure separating the principal accounting officer role from the CFO position. Val Bauduin, currently senior vice president of Corporate Finance and Development, was designated to handle accounting officer duties while CFO Cathy Smith retains her financial officer responsibilities.
This is an internal reallocation of duties rather than a departure or new hire, with Bauduin continuing to report to Smith. For retail investors, this is a low-impact administrative change. Bauduin brings relevant experience from his time as Marriott's controller and chief accounting officer, plus his brief stint as Starbucks' interim CFO in early 2025.
The fact that no compensation changes accompanied the designation suggests this is primarily about clarifying reporting lines rather than a material shift in financial leadership. Watch for Starbucks' next quarterly earnings filing to see if this organizational change affects financial reporting quality or disclosure practices. Any subsequent changes to the CFO or accounting officer positions within the next year could signal deeper issues, but this standalone filing appears procedural.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
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.
Starbucks separated the principal accounting officer role from the CFO position, designating Val Bauduin to the accounting officer role while Cathy Smith remains CFO. This is an internal reorganization of financial leadership responsibilities, with Bauduin continuing to report to Smith. The change does not involve a departure or new hire, just a reallocation of duties.
Added in current filing · verify on EDGAR →
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.
The filing discloses Bauduin's career progression at Starbucks since joining in 2024, including a brief stint as interim CFO in March 2025. His prior experience at Marriott International included controller, chief accounting officer, and CFO roles, providing relevant accounting and finance expertise for the principal accounting officer position.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 12, 2026 · How we verify