Indian-origin Starbucks has appointed Laxman Narasimhan as their new Chief Executive Officer (CEO). Reckitt, which also manufactures Durex condoms, Enfamil infant formula, and Mucinex cold syrup, was led by Laxman Narasimhan as CEO. Howard Schultz has been replaced by the 55-year-old, who most recently served as PepsiCo’s global chief commercial officer.
A brief about the Laxman Narasimhan Signed as Starbucks’ New CEO:
Laxman Narasimhan, according to Starbucks, will join the organization on October 1 but not assume leadership until April 2023. Up until that time, Laxman Narasimhan will collaborate closely with interim CEO Howard Schultz and will serve as the company’s leader.
Due to robust sales in the United States between April and June, when Covid regulations had hampered the company’s operations, Starbucks reported a roaring demand.
In a letter formally greeting Narasimhan, Schultz described him as “a strategic and transformational leader with vast experience in establishing successful consumer brands.”
About Laxman Narasimhan:
Laxman Narasimhan earned his undergraduate degree from the University of Pune and his master’s degree in German and international studies from the Lauder Institute at the University of Pennsylvania. He is a graduate of the University of Pune. He also holds a master’s degree in business management from the Wharton School of the University of Pennsylvania. The Covid-19 epidemic, which increased demand for Reckitt’s health and hygiene goods, was managed by him after he joined the firm in September 2019. Narasimhan has also worked as a senior partner with the famous consulting organization McKinsey & Company.
He oversaw operations in Latin America, Europe, and Sub-Saharan Africa while serving as PepsiCo’s worldwide chief commercial officer.