Starbucks: Laxman Narasimhan, an Indian-origin executive, officially assumed the role of Chief Executive Officer of global coffee giant Starbucks on Monday, joining a growing cohort of business leaders from India at the helm of global corporations.
Starbucks announced in September of last year that Mr Narasimhan would become the company’s next chief executive officer and a member of the Starbucks Board of Directors.
Also Read: Hindustan Unilever appoints Rohit Jawa as CEO, to succeed Sanjiv Mehta
Following a search query for a new leader to prosper company founder and now former CEO Howard Schultz, Narasimhan joined Starbucks as the company’s incoming CEO on October 1, 2022, after relocating from London to the Seattle area.
$SBUX names Laxman Narasimhan as CEO this morning, two weeks earlier than previously planned. @BrookeDiPalma reports on the coffee chain’s outlook: pic.twitter.com/oCcVau8PHF
— Yahoo Finance (@YahooFinance) March 20, 2023
“Laxman Narasimhan has assumed the role of CEO and will join the company’s board of directors as of today,” Starbucks said in a statement.
On March 23, Laxman Narasimhan will preside over Starbucks’ Annual Shareholder Meeting.
“As he assumes the role, Narasimhan will continue to engage the leadership team, sharing his early learnings and insights, and assessing opportunities for the company as they chart a course forward,” the company said.
Also Read: International Day of Forests 2023: Northeast Undergone Deforestation Of 1,020 Sq Kms
Narasimhan graduated from the University of Pune’s College of Engineering with a degree in Mechanical Engineering. He also holds a Master of Arts in German and International Studies from The Lauder Institute at The University of Pennsylvania, as well as a Master of Business Administration in Finance from The University of Pennsylvania’s Wharton School.
Reckitt Benckiser, a consumer health, hygiene, and nutrition multinational based in the United Kingdom, was led by Narasimhan. He previously worked at PepsiCo in a variety of leadership roles, including global chief commercial officer, where he was responsible for the company’s long-term growth strategy and commercial capabilities.
