Diabytes
Starbucks CEO News
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Brian Niccol became Starbucks CEO in August 2024. He had a special travel setup that let him fly to Seattle on a corporate jet as long as he worked from the office at least three days a week. This arrangement matched the company’s then-flexible hybrid work policy.
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Niccol’s employment deal includes access to a corporate jet for his daily travel.
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Starbucks, the coffee giant, has made this decision to revive flagging sales and appease outside investors.
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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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