Who is Laxman Narasimhan, the Starbucks’ new CEO?

Laxman Narasimhan Starbucks News CEO: India-born Laxman Narasimhan was named as the subsequent chief govt officer (CEO) of Starbucks Corp on Thursday. The 55-year-old, who stepped down because the CEO at Reckitt Benckiser earlier within the day will be part of the US-based multinational coffeehouses chain on October 1.

A veteran within the FMCG business, Narasimhan shall be relocating from London to Seattle to affix Starbucks as their incoming CEO in October. He shall be initially working intently with interim CEO Howard Schultz, earlier than assuming the management function and becoming a member of the Board on April 1, subsequent yr.

Laxman Narasimhan comes with practically 30 years of expertise main and advising world consumer-facing manufacturers. He joined Reckitt as its CEO in September 2019 and has led a profitable rejuvenation of the corporate’s technique, execution and foundational capabilities, stated the Anglo-Dutch multinational FMCG large, which owns in style family manufacturers akin to Dettol, Lysol, Harpic, Durex, Veet and Strepsils.

Laxman has beforehand led complicated operational companies and impressed groups throughout developed and rising markets to attain market-leading efficiency. This, mixed together with his glorious individuals engagement and management abilities, makes him nicely certified for the function, Reckitt stated about him.

Prior to becoming a member of Reckitt, Narasimhan held varied senior roles at PepsiCo from 2012 to 2019, together with these of world chief business officer (COO), CEO of Latin America, Europe and Sub-Saharan Africa operations and CEO of Latin America.

Before PepsiCo, he additionally served as a Director of McKinsey & Company and held varied roles from 1993 to 2012.

Laxman holds a level in Mechanical Engineering from the College of Engineering, University of Pune. He has an MA in German and International Studies from The Lauder Institute at The University of Pennsylvania and an MBA in Finance from The Wharton School of The University of Pennsylvania.