Laxman Narasimhan Named As New Starbucks CEO
NDTV
Laxman Narasimhan has become the chief executive officer-elect of the five-decade-old popular coffee chain Starbucks Coffee Company
Pune University Engineering graduate Laxman Narasimhan has been named as the new CEO of coffee giant Starbucks adding to the long list of Indian-origin corporates who are doing phenomenally well at various top decision-making positions across sectors globally, especially in the US.
Mr Narasimhan has become the chief executive officer-elect of the five-decade-old popular coffee chain Starbucks Coffee Company which has 34,000 stores worldwide and is the premier roaster and retailer of speciality coffee.
Mr Narasimhan is set to join the coffee chain as incoming CEO on October 1 this year, after relocating from London to Seattle and will work closely with interim head Howard Schultz, before assuming the top role and joining the Board on April 1, 2023.
The newly-appointed chief Mr Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands. Most recently, he served as chief executive officer of Reckitt, an FTSE-12 listed multinational consumer health, hygiene and nutrition company, where he led the company through a major strategic transformation and a return to sustainable growth.
