Howard Schultz told DreamWorks Animation SKG on Thursday that he will not stand for re-election to its board, given the time requirements...

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Howard Schultz told DreamWorks Animation SKG on Thursday that he will not stand for re-election to its board, given the time requirements of his new chief executive job at Starbucks.

Schultz, 54, will remain a director until DreamWorks’ annual meeting May 7, according to a securities filing. He has been a director of Glendale, Calif.-based DreamWorks since October 2004.

According to a recent Starbucks filing, DreamWorks is the only public company board outside Starbucks on which Schultz sits.

Melissa Allison: 206-464-3312 or mallison@seattletimes.com