Indian-origin Laxman Narasimhan to be world’s largest coffee chain Starbucks’ new CEO
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America's multinational coffee company 'Starbucks' has appointed Indian-origin 'Laxman Narasimhan' as its new CEO in place of Howard Schultz.
IMPORTANT FACTS -
- Narasimhan will take over as the CEO of world's largest coffee chain company Starbucks from October 1.
Mr Narasimhan, 55, has served as chief executive of UK-based Reckitt Benckiser Group, maker of Lysol and Enfamil baby formulas.
In a statement issued by Starbucks, it has been told that Narasimhan will shift from London to Seattle.
Starbucks' board asked Howard Schultz (the current CEO of Starbucks) to remain as interim CEO until April 2023, to assist Narasimhan.
According to The Wall Street Journal, Narasimhan will assume the role of CEO and join the company's board on April 1.
Narasimhan serves as the Chief Executive Officer (CEO) of the multinational consumer goods company Reckitt Benckiser Group (popularly known as Reckitt).
Narasimhan will step down on September 30, 2022, after leading the company for three years (September 2019 to September 2022).
He will now be replaced by senior independent director Nikandro Durante at Reckitt Benckiser.
Laxman Narasimhan :
Shri Narasimhan holds a degree in Mechanical Engineering from Pune University. He has an MBA from The Wharton School. He was appointed as the CEO of Reckitt on September 1, 2019.
Prior to joining Reckitt, he held various high positions at PepsiCo from 2012 to 2019.
He also served as a director at McKinsey & Company from 1993 to 2012.
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