Laxman Narasimhan

2022 - 9 - 1

Starbucks names Laxman Narasimhan as new CEO, starting in April (CNBC)

Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. · Narasimhan most recently served as CEO of health and hygiene company Reckitt ...

He'll join Starbucks in October, learning about the company and its reinvention plan, before assuming the top job in April. And China, its second-largest market, is struggling to bounce back from the pandemic, hampered by the country's zero Covid policy. In its home market, Starbucks is facing a union push, with more than 200 stores in the U.S. In the meantime, Schultz and the Starbucks board hunted for a long-term successor, with the intention of announcing the new CEO in the fall. Schultz has previously said that he wants to reinvent the employee, customer and store experience to reckon with how the world has changed since the pandemic. Narasimhan most recently served as CEO of health and hygiene company Reckitt, which owns brands such as Lysol, Durex and Mucinex.

Starbucks Taps Reckitt CEO as Chief After Schultz's Long Handoff (Bloomberg)

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to ...

1 while longtime leader Schultz, 69, stays at the helm. Narasimhan, 55, will join the coffee giant Oct.

Starbucks' New CEO: Here's What To Know About Laxman ... (Forbes)

Starbucks announced Thursday that former PepsiCo executive Laxman Narasimhan will succeed Howard Schultz as its CEO, as the company wrangles with issues ...

Schultz has also [pushed](https://www.wsj.com/articles/starbucks-howard-schultz-change-frappuccinos-11661888871) for a major company overhaul, which includes rethinking how baristas make drinks. Schultz's tenure has been tumultuous, with the CEO pushing back [Starbucks Names Laxman Narasimhan New CEO](https://www.wsj.com/articles/starbucks-names-laxman-narasimhan-new-ceo-11662062713?mod=djemalertNEWS) (Wall Street Journal) [Starbucks Is Rethinking Almost Everything, Including How to Make Frappuccinos](https://www.wsj.com/articles/starbucks-howard-schultz-change-frappuccinos-11661888871) (Wall Street Journal) His two grown children live in the U.S. [New York Times](https://www.nytimes.com/2022/09/01/business/dealbook/starbucks-ceo.html). [said](https://stories.starbucks.com/press/2022/starbucks-names-laxman-narasimhan-as-next-chief-executive-officer/) in a news release.

Starbucks Names Laxman Narasimhan as Next Chief Executive Officer (Starbucks Stories)

Howard Schultz will continue as interim ceo until April 1, 2023 and serve as an advisor to Narasimhan through calendar 2023 while remaining on Starbucks ...

He has an MA in German and International Studies from The Lauder Institute at The University of Pennsylvania and an MBA in Finance from The Wharton School of The University of Pennsylvania. Prior to PepsiCo, Narasimhan was a senior partner at McKinsey & Company, where he focused on its consumer, retail and technology practices in the U.S., Asia and India and led the firm’s thinking on the future of retail. I am humbled to be joining this iconic company at such a pivotal time, as the Reinvention and investments in the partner and customer experiences position us to meet the changing demands we face today and set us up for an even stronger future,” said Narasimhan. He will remain closely involved with the company’s Reinvention and act as an ongoing advisor to Narasimhan. His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion, and operational leader will be true differentiators as we position Starbucks for the next 50 years, generating value for all our stakeholders. SEATTLE (September 1, 2022) – Starbucks (NASDAQ: SBUX) today announced that Laxman Narasimhan will become the company’s next chief executive officer and a member of the Starbucks Board of Directors.

Starbucks Named Laxman Narasimhan Its New C.E.O. (The New York Times)

Laxman Narasimhan most recently led Reckitt Benckiser, where he was tasked with turning around the consumer products conglomerate.

[step down next year](https://www.reuters.com/business/energy/exclusive-shells-ceo-van-beurden-prepares-step-down-next-year-sources-2022-09-02/). (BuzzFeed) Its [stock sank](https://nypost.com/2022/02/10/affirm-tanks-after-tweet-revealed-quarterly-results-prematurely/). (NYT) (Reuters) [an edit button](https://www.nytimes.com/2022/09/01/technology/twitter-edit-button.html). (Bloomberg) (WSJ) [read a tweet from its official account](https://techland.time.com/2013/11/04/the-140-moments-that-made-twitter-matter/slide/when-kenneth-cole-tried-to-use-the-arab-spring-to-sell-shoes/), linking to its online store. As always, you could simply delete a regrettable missive and hope nobody caught it, much less [recorded it for posterity](https://projects.propublica.org/politwoops/). [formed as a separate company in 2016 inside Illumina](https://grail.com/press-releases/illumina-forms-new-company-to-enable-early-cancer-detection-via-blood-based-screening/) and was later spun off. But European leaders said they were worried about Moscow [turning off gas flows](https://markets.businessinsider.com/news/commodities/germany-russia-nord-stream-winter-habeck-economy-minister-energy-europe-2022-9) in the winter.

Starbucks names Laxman Narasimhan as its next CEO - CNN (CNN)

The Reckitt Benckiser Group, where Narasimhan most recently served as CEO, announced earlier on Thursday that he would be stepping down. Howard Schultz, who ...

He was named CEO of the multi-billion dollar company in 2019. "He is a strategic and transformational leader with deep experience in building powerful consumer brands," Schultz said. The company has since made changes like in July. He will remain on Starbucks' board. Narasimhan will become incoming CEO at Starbucks on October 1.

Message from Howard Schultz: Welcoming Laxman Narasimhan ... (Starbucks Stories)

'I am thrilled to announce that we have identified an individual with the ideal background, knowledge, and demonstrated track record of living his values to ...

He is the leader we were looking for to lead Starbucks at this moment and for the future. I am looking forward to introducing you all to Laxman and working closely with him as he listens, learns, and plans for the future of Starbucks for the benefit of our partners, customers, and communities. And once he comes on board, he will immediately begin a full immersion into Starbucks as we accelerate our work to transform the company for the future.