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Laxman Narasimhan News
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Starbucks, the coffee giant, has made this decision to revive flagging sales and appease outside investors.
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Laxman Narasimhan rose from consultancy at McKinsey to lead global giants like PepsiCo and Reckitt, before taking the helm at Starbucks, known for his operational expertise and turnarounds.
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Following the global search for the new leader of Starbucks to succeed company founder and now former CEO, Howard Schultz, Narasimhan joined Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area.
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Starbucks corps named Laxman Narasimhan as next Chief Executive Officer (CEO).
Laxman Narasimhan will draw $1.3 million as his annual base salary.
Narasimhan has joined the growing long list of Indian origin CEOs who are helming the global giants.
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Starbucks named Laxman Narasimhan as next CEO, joining Howard Schultz, the interim CEO, from October 1, 2022.
Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company.
Narasimhan joins a growing list of Indian-origin CEOs at the helm of US-based global giants, including Microsoft CEO Satya Nadella, etc.
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