Starbucks CEO Laxman Narasimhan

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.

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.

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

[step down next year](https://www.reuters.com/business/energy/exclusive-shells-ceo-van-beurden-prepares-step-down-next-year-sources-2022-09-02/). (BuzzFeed) Its [stock sank](https://nypost.com/2022/02/10/affirm-tanks-after-tweet-revealed-quarterly-results-prematurely/). (NYT) (Reuters) [an edit button](https://www.nytimes.com/2022/09/01/technology/twitter-edit-button.html). (Bloomberg) (WSJ) [read a tweet from its official account](https://techland.time.com/2013/11/04/the-140-moments-that-made-twitter-matter/slide/when-kenneth-cole-tried-to-use-the-arab-spring-to-sell-shoes/), linking to its online store. As always, you could simply delete a regrettable missive and hope nobody caught it, much less [recorded it for posterity](https://projects.propublica.org/politwoops/). [formed as a separate company in 2016 inside Illumina](https://grail.com/press-releases/illumina-forms-new-company-to-enable-early-cancer-detection-via-blood-based-screening/) and was later spun off. But European leaders said they were worried about Moscow [turning off gas flows](https://markets.businessinsider.com/news/commodities/germany-russia-nord-stream-winter-habeck-economy-minister-energy-europe-2022-9) in the winter.

Laxman Narasimhan was CEO of Reckitt, which also makes Durex condoms, Enfamil baby formula and Mucinex cold syrup. He announced his departure from that post ...

His journey from Pune to the CEO of Starbucks, Gundecha said, is an inspiration and a living testament for big dreams and taking risk. The incoming CEO of Starbucks also had said he is an ardent fan of rock music. Also, when he was posted in Mexico to head PepsiCo, he took to learning Spanish to understand the market better,” the Jombay CEO added. “Last year, as member of the alumni association, I had invited him for a virtual interaction with us. Born in Pune, he was a student of St Vincent’s School and, according to Gundecha, his association with COEP remains strong. Gundecha has a personal connection as he has interacted with Narasimhan multiple times in the past.

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.

Yet another global firm will have an Indian-origin CEO: beverage giant Starbucks appointed Laxman Narasimhan as its next chief executive late on Thursday, ...

Schultz is expected to remain the company’s interim chief executive until April, and then become an adviser to Narasimhan. Shares in Reckitt fell more than 5 per cent on Thursday after the company unexpectedly announced that Narasimhan would step down as its chief executive on September 30 — explaining only that he “has been approached for an opportunity that enables him to live” in the United States. He was hired at Reckitt in 2019 to revive the conglomerate, which had been burdened by the $16.6 billion takeover of the infant products maker Mead Johnson and an ill-fated move to split the company.

Narasimhan's base salary at Starbucks is $1.3 million and an annual cash bonus opportunity at a target of 200 per cent of the base salary, according to ...

[Starbucks](/topic/starbucks) board of directors chair, said in the release that Narasimhan is an inspiring leader. His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion, and operational leader will be true differentiators as we position [Starbucks](/topic/starbucks) for the next 50 years, generating value for all our stakeholders,” Hobson said. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. [PepsiCo](/topic/pepsico) as its global chief commercial officer; he was responsible for the company’s long-term strategy and digital capabilities. He worked very closely with Nooyi during his stint at the US-based food and beverage major. He has insights into the emerging markets, as well,” said the source. [Starbucks](/topic/starbucks) said: “Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands… As CEO of Reckitt Benckiser, he in place a turnaround strategy. During his three-year stint at Reckitt Benckiser, where he took the reins as CEO a few months before the world shut down due to the Covid-19 pandemic, he dealt with numerous problems head-on. According to a Bloomberg report, he took over at a time when the company was recovering from a cyberattack, manufacturing problems, a failed product launch, and a health scandal where hundreds of people in South Korea died from lung diseases caused by exposure to a humidifier disinfectant sold by He will join the Seattle-based company on October 1 as incoming CEO and shall formally take on the role on April 1, 2023. Harish Bijoor, founder of Harish Bijoor Consults, said Narasimhan’s primary challenge shall be to handle this issue astutely and in a politically correct way.