Former Starbucks CEO Howard Schultz says he will not run for president in 2020

Former Starbucks CEO Howard Schultz announced Friday that he will not run for president after exploring a run earlier this year.

“My belief in the need to reform our two-party system has not wavered, but I have concluded that an independent campaign for the White House is not how I can best serve our country at this time,” he said in a letter on Friday morning.

“I will spend this election cycle and the years ahead supporting bold and creative initiatives to transform our broken system and address the disparity of opportunity that plagues our nation,” he added.

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