11:06 AM EST, 01/21/2025 (MT Newswires) -- (Updates with Starbucks' ( SBUX ) confirmation throughout the story and the latest stock movement in the third paragraph.)

Starbucks' ( SBUX ) China Chair Belinda Wong will retire Jan. 24 after 25 years with the company, a Starbucks ( SBUX ) spokesperson confirmed to MT Newswires in an email Friday.

"Belinda spent the last 14 years as our market leader in China," the spokesperson quoted Starbucks ( SBUX ) Chief Executive Brian Niccol as saying. "She transformed it into our largest international market and has made Starbucks ( SBUX ) one of the most admired and beloved brands in the country."

Shares of Starbucks ( SBUX ) rose 3% in recent Tuesday trading.

Price: 98.14, Change: +3.01, Percent Change: +3.16