Former Starbucks Corp chief executive Howard Schultz has abandoned plans for an independent presidential run, saying he did not want to split the electorate and help re-elect U.S. President Donald Trump in 2020, according to a statement on his website.
"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 wrote.
The Washington Post reported his withdrawal earlier on Friday.
The potential independent candidate had paused his political efforts earlier this summer over health issues amid a series of back surgeries.
Schultz also said it was tougher than expected to grab moderate voters' attention and that he did not want to risk competing with a moderate Democrat, should one win the party's nomination.
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