Laxman Narasimhan

Starbucks recently announced the appointment of its new Chief Executive Officer (CEO) - Laxman Narasimhan. Here's all about him.

He’s also a Trustee of the Brookings Institution, a member of the Council on Foreign Relations, and an Advisory Board member of the Jay H. He will be paid Rs 10 crores approximately (US $ 1.3 million) in annual salary, along with a Rs 12 crore (US $ 1.6 million) cash signing bonus approximately to compensate for the incentives he gives up post leaving Reckitt. He holds a bachelor’s degree in Mechanical Engineering from the College of Engineering Pune and a master’s in German and International Studies from the Lauder Institute at the University of Pennsylvania. The latter will reportedly continue to serve as Interim Chief until April 2023. Currently with Reckitt Benckiser, the Indian-American business executive will take over the coffee giant’s leadership later this year. Starbucks recently announced the appointment of its new Chief Executive Officer (CEO) – Laxman Narasimhan.

Laxman Narasimhan most recently led Reckitt Benckiser, where he was tasked with turning around the consumer products conglomerate.

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Laxman Narasimhan, a veteran of PepsiCo and other consumer brands, has appointed as the chief executive officer of global coffee giant, Starbucks. Narasimhan is set to join the coffee chain on October 1, this year, after relocating from London to ...

He has also held leadership roles at PepsiCo and was a senior partner at McKinsey & Company, where he focused on its consumer, retail and technology practices in the US, Asia and India. Before Starbucks, he was the CEO of Reckitt, a multinational consumer health, hygiene and nutrition company. The appointment of Indian-origin CEOs at the world's most iconic companies I now an unstoppable trend.

The Seattle-based coffee giant has named Laxman Narasimhan its new CEO, with the former head of Reckitt Benckiser now tasked implementing the reinvention ...

He brings the ideal background, knowledge, and demonstrated track record of living his values to lead Starbucks into the future. Put simply, Laxman is steeped in humility with extraordinary executive and operational skills," Shultz added in a post on social media. “Starbucks commitment to uplift humanity through connection and compassion has long distinguished the company, building an unrivaled, globally admired brand that has transformed the way we connect over coffee. [returned to lead Starbucks for the third time in April 2022](https://www.worldcoffeeportal.com/Latest/News/2022/April/Starbucks-will-put-people-first,-Howard-Schultz-pl), said that Narasimhan’s experience and perspectives will be a ‘strong asset’ as Starbucks builds ‘on our heritage in this new era of greater well-being'. [continue as interim CEO until 1 April 2023](https://www.worldcoffeeportal.com/Latest/News/2022/June/Howard-Schultz-to-remain-interim-Starbucks-CEO-unt) and serve as an advisor to Narasimhan throughout the next calendar year. [improve working conditions for staff](https://www.worldcoffeeportal.com/Latest/News/2022/April/Starbucks-will-put-people-first,-Howard-Schultz-pl), implementing the company’s [ambitious sustainability goals](https://www.worldcoffeeportal.com/Latest/News/2022/June/Starbucks-Green-Stores-expansion-continues-with-Ja) and driving innovation in [ customer experience](https://www.worldcoffeeportal.com/Latest/News/2022/July/Howard-Schultz-details-plan-to-reinvent-Starbucks).

Laxman is an inspiring leader with deep, hands-on experience driving strategic transformations at global consumer-facing businesses," said Starbucks.

Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the ...

Be smart with your money. Early in the plan, Reckitt took a hit to margins to fund new investments and refocus on hygiene, health and nutrition brands. “Narasimhan was seen to have been doing a good job thus far,” Jack Martin, fund manager at Reckitt shareholder Oberon Investments, said, adding that he had “steadied the ship” following a relatively turbulent period under his predecessor. His track record and eye for detail suggests he will use that time to study every facet of the business, analysts and investors said. Narasimhan will have six months after joining to get to grips with the business before taking the helm as chief executive of Starbucks in April 2023. When he joins Starbucks in October, Narasimhan will have to adapt his focus to serving the millions of people who step into the coffee chain’s roughly 32,000 stores every day.

Starbucks has named a new CEO to replace temporary leader Howard Schultz, tapping the outgoing boss of the British maker of Lysol to lead the iconic coffee ...

Narasimhan's global perspectives as a CEO of a public multinational corporation and background in beverages at PepsiCo will serve Starbucks well into the next chapter,' Cowen analyst Andrew Charles wrote in a note. But this left him isolated from most of his family during the pandemic. Starbucks said the worker was fired for legitimate and lawful reasons. Narasimham is seen with his family in Paris in December 2019, shortly before the pandemic kept them apart for an extended period. 'He took a very balanced approach to strategy ... He will live in Seattle, where Starbucks is headquartered. While his wife was eventually able to join him in London, he was unable to see his daughter – who works in New York – for the entirety of the pandemic. Born in India, Narasimham holds a degree in mechanical engineering from the University of Pune in India and a master's degree in German and international studies from The Lauder Institute at the University of Pennsylvania. It comes as Starbucks faces a turbulent period. While his wife was eventually able to join him in London during the pandemic, the separation from his adult children was difficult for the devoted family man, seen with wife and daughter Narasimham's London posting meant that he was was unable to see his daughter – who works in New York – for the entirety of the pandemic More than 200 of its US stores have unionized in the past year, with workers pushing for better benefits and wages at a time of surging

The world's most popular maker of mochas on Thursday named Indian-American Laxman Narasimhan as the incoming chief executive. Starbucks said Narasimhan is the ...

The business world points to Narasimhan's time at Reckitt as an example of how he can quickly improve the financial position of a company. [have decided to unionize](https://www.cbsnews.com/news/starbucks-pay-2022-union-efforts/) — a decision the company's management has opposed. Before Reckitt, Narasimhan was the CEO of PepsiCo's Latin America, Europe and Sub-Saharan Africa operations. Starbucks stores have [voted to unionize](https://www.cbsnews.com/news/starbucks-russia-ukraine-boycott-successor-stars-coffee/) since late last year. [said](https://stories.starbucks.com/press/2022/starbucks-names-laxman-narasimhan-as-next-chief-executive-officer/) Thursday that Narasimhan will join the company October 1. As Narasimhan prepares to lead the company, changes are afoot at the coffee giant.

Who is Starbucks' new CEO Laxman Narasimhan? As Howard Schultz's successor, he has his work cut out for him.

By the end of the first half, the company had expanded by 8.6% on a like-for-like basis independent of acquisitions, disposals and other effects. [lost (its) edge](https://www.reckitt.com/media/10276/reckitt-european-consumer-ceo-call-jun2022-transcript.pdf),” he recalled an industry conference this year. We had to lead from a distance, which meant you had to empower and trust the team around you, the people on the front line,” he told a CNBC affiliate in his native India. [in February](https://www.bloomberg.com/news/articles/2022-02-08/reckitt-ceo-talks-pandemic-s-effect-on-baby-formula-lysol-and-store-shelves). [2008 melamine scandal](https://qz.com/1323471/ten-years-after-chinas-melamine-laced-infant-milk-tragedy-deep-distrust-remains/) and opted for the exit. [sponsoring students](https://uncf.org/news/rb-and-lysol-partner-with-uncf) at historically Black colleges following the pandemic. “ “Starbucks needs a better leadership plan than Howard Schultz,” quipped CNN [Abbott Laboratories](https://fortune.com/company/abbott-laboratories), Reckitt’s Mead Johnson quickly grew its share to 54% of the market from 37% previously, in part by shipping formula to retailers before trucks were even full. [in March](https://edition.cnn.com/2022/03/29/business/starbucks-leadership-howard-schultz/index.html). [Starbucks](https://fortune.com/company/starbucks), with more than 32,000 stores in 80 countries around the globe, famous for its strategy of expanding “one neighborhood at a time”. [Reckitt Benckiser](https://fortune.com/company/reckitt-benckiser), the UK-based consumer goods giant, Indian-born CEO Laxman Narasimhan set out a simple goal: to reach half the world with his products.

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to ...

1 while longtime leader Schultz, 69, stays at the helm. Narasimhan, 55, will join the coffee giant Oct.

Seattle-based coffee chain Starbucks (SBUX) has named Laxman Narasimhan as its new chief executive officer (CEO). Narasimhan most recently served as CEO of ...

The union battle has resulted in negative Starbucks is currently grappling with a union push, with more than 200 stores in the U.S. expected to unveil more details about the changes the company plans to make.

Outsider who heads Lysol maker Reckitt Benckiser will lead the coffee chain after former chief Howard Schultz took over temporarily.

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