Global coffee giant Starbucks has named Indian-origin executive Laxman Narasimhan as its new Chief Executive Officer.
Starbucks announced on Thursday that Narasimhan will become the company’s next Chief Executive Officer and a member of the Starbucks Board of Directors.
Narasimhan will join Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area and will work closely with Howard Schultz, the interim CEO, before assuming the leadership role and joining the Board on April 1, 2023.
Narasimhan worked for McKinsey for 19 years until 2012, rising to director and location manager for their New Delhi office. In 2012, he joined PepsiCo, rising to chief commercial officer.
He succeeded Rakesh Kapoor as CEO of Reckitt Benckiser in September 2019.
