Winning Bizness Desk
Mumbai - After many big companies like Google, Twitter, now another giant international company Starbucks has also chosen an Indian CEO. Global coffee chain Starbucks has announced to appoint Indian-origin Laxman Narasimhan as its new Chief Executive Officer (CEO). Starbucks has said that longtime PepsiCo executive Laxman Narasimhan will join Starbucks on October 1, 2022, after moving from London to Seattle. Because Starbucks is in Seattle. Laxman Narasimhan will work with Starbucks interim CEO Howard Schultz until April 1, 2023. Thereafter, Laxman will adopt his CEO role and join the company's board.
Narasimhan best person to lead
Howard Schultz said that Laxman Narasimhan is the best person to lead the company. Narasimhan has an excellent track record of growth in both mature and emerging markets. As I got a chance to know them. It has become clear that they will take forward our passion for investing in humanity and our commitment to our partners, customers and communities.
Narasimhan was the CEO of Reckitt
After buying, Starbucks took it further. Schultz became the company's interim CEO in March after former CEO Kevin Johnson announced his retirement. Schuls will now continue to be on the company's board even after Narasimhan takes over. 55-year-old Narasimhan was the CEO of UK-based company Reckitt. Reckitt had on Thursday announced Narasimhan's sudden exit from the company. After this, the stock of Reckitt had seen a fall of 5%. Prior to this, Narasimhan held several leadership roles at PepsiCo including CEO, Global Chief Commercial Officer.