Starbucks
Starbucks gets Indian CEO, Laxman Narasimhan in charge from Apr 2023
American multinational coffeehouse chain Starbucks has named Laxman Narasimhan as its new Chief Executive Officer (CEO).
Narasimhan, an Indian, will take over from Apr 2023. He will be a member of the Starbucks Board of Directors.
Narasimhan will join Starbucks as the CEO Oct 1, 2022 after relocating from London to the Seattle area and will work closely with the outgoing CEO Howard Schultz before joining the board Apr 1, 2023.
Laxman Narasimhan | Image Credit: Twitter/Laxman Narasimhan
Narasimhan was the CEO in health and hygiene company Reckitt, which is the owner of brands Lysol, Durex among others.
Howard Schultz will continue to be the interim CEO until April next year.
Narasimhan was born in Pune. He studied at Loyola High School in Pashan and St Vincent's High School before going to study in an Engineering college.
Reacting to the appointment, Mahindra Group chairman Anand Mahindra tweeted, "What was initially a trickle of water has turned into a Tsunami. The appointment of Indian-origin CEOs at the world’s most iconic companies is now an unstoppable trend. International boardrooms consider them to be almost ‘safe’ leadership bets."
What was initially a trickle of water has turned into a Tsunami. The appointment of Indian-origin CEOs at the world’s most iconic companies is now an unstoppable trend. International boardrooms consider them to be almost ‘safe’ leadership bets. 👏🏽👏🏽👏🏽https://t.co/PxbrOMK7Aa
— anand mahindra (@anandmahindra) September 2, 2022
(Reporting by Suman Das)
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