U.S. Markets open in 5 hrs 55 mins

Howard Schultz: I am seriously considering running for president as a centrist independent

Former Starbucks CEO Howard Schultz is seriously considering a run for president, but not as a Democrat.

"I love our country, and I am seriously considering running for president as a centrist independent," Schultz tweeted on Sunday evening.

During a 60 Minutes interview on CBS, Schultz said the country is in a "fragile time" and President Donald Trump is "not qualified to be the president." He added that both parties “are consistently not doing what’s necessary on behalf of the American people and are engaged every single day in revenge politics.”

Schultz has already faced backlash on social media among Democrats who fear that he would take votes away and give Trump the win in 2020.

Schultz told 60 Minutes that he’s confident that should he run as an independent he will appear on the ballot in all states, districts, and counties.

"We have done that work," Schultz said.

He added that over 40% of electorate is either a registered independent or affiliates as an independent.

"[American] people are exhausted. Their trust has been broken. And, they are looking for a better choice."

Schultz, 65, stepped down as CEO of Starbucks in April 2017. Just over a year later, he stepped down from his role as chairman on June 26, the anniversary of Starbucks’s initial public offering.

Howard Schultz (AP Photo/Elaine Thompson, File)

There was speculation at the time that he was considering a run for office.

“I’ll be thinking about a range of options for myself, from philanthropy to public service, but I’m a long way from knowing what the future holds,” Schultz wrote in a company-wide memo at the time. Schultz was chairman and CEO from 1987-2000, and again from 2008 to 2017. He is now chairman emeritus of the company.

Under Schultz’s leadership, Starbucks grew as a company that offers health care benefits for both full-time and part-time workers and equity in the form of stock options. Schultz also launched initiatives such as hiring veterans, refugees, and opportunity youth. More recent benefits include college tuition.

Schultz releases his book “From the Ground Up: A Journey to Reimagine the Promise of America” on January 28.

This story is developing....

Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.