After many big companies like Google and Twitter, now another giant international company Starbucks has also chosen an Indian as its CEO. Global coffee chain Starbucks on Thursday announced the appointment of 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 based 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.
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.
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 announcement, the stock of Reckitt had seen a fall of 5%. Before this, Narasimhan held several leadership roles at PepsiCo including CEO, and Global Chief Commercial Officer.
Narasimhan had served as CEO of PepsiCo's Latin America, Europe, and Sub-Saharan Africa operations. Narasimhan was a senior partner at the consulting firm McKinsey & Company, where he focused his consumer, retail, and technology practices in the US, Asia, and India.
