Global coffee chain Starbucks has named India-born Laxman Narasimhan as its next Chief Executive Office (CEO). Narasimhan currently heads the health and hygiene company Reckitt.
Starbucks has announced India-born Laxman Narasimhan as its next Chief Executive Office (CEO).
Global coffee chain Starbucks has named India-born Laxman Narasimhan as its next Chief Executive Office (CEO). Narasimhan currently heads the health and hygiene company Reckitt. They will join Starbucks in October and company Will take over from interim CEO Howard Shultz in April. Narasimhan has joined the list of Indian-origin CEOs who head a major US company.
These global companies have Indian CEOs
The list includes Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai, Adobe’s Shantanu Narain, Deloitte’s Puneet Ranjan and FedEx’s Raj Subramaniam. Prior to this, Indra Nooyi has been the CEO of giant companies like PepsiCo and Ajay Banga Mastercard.
The next CEO of Starbucks has studied Mechanical Engineering from Pune University. And then he turned to the western countries. He holds a master’s degree in German and International Studies from The Lauder Institute at the University of Pennsylvania. Along with this, he has also done MBA in Finance from The Warton School of the University of Pennsylvania.
What did Narasimhan say after getting the post?
On his appointment, Narasimhan said Starbucks’ commitment to putting humanity forward through connection and emotions has long set the company apart from others. He said that it is a globally recognized brand that has changed the way we connect over coffee. He said that he is extremely happy to be associated with this iconic company at such a crucial time. Because in the days to come, the company will see investments and reuse in partner and customer experience, which will help the company to meet the changing demands of today and also prepare for a stronger future.
Narasimhan further said in his statement that he will work closely with Howard, the board and the entire leadership team. They will hear and learn from Starbucks partners. He said that they will work together and take the company to the next chapter of growth and impact. He will shift from London to Seattle, Washington. and will be working with Shultz before officially taking over in April.