November 05, 2024 21:56 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Starbucks gets Indian CEO, Laxman Narasimhan in charge from Apr 2023
Starbucks
Image Credit: Facebook/Starbucks

Starbucks gets Indian CEO, Laxman Narasimhan in charge from Apr 2023

| @indiablooms | 02 Sep 2022, 02:45 pm

American multinational coffeehouse chain Starbucks has named Laxman Narasimhan as its new Chief Executive Officer (CEO).

Narasimhan, an Indian, will take over from Apr 2023. He will be a member of the Starbucks Board of Directors.

Narasimhan will join Starbucks as the CEO Oct 1, 2022 after relocating from London to the Seattle area and will work closely with the outgoing CEO Howard Schultz before joining the board Apr 1, 2023.

Laxman Narasimhan | Image Credit: Twitter/Laxman NarasimhanLaxman Narasimhan | Image Credit: Twitter/Laxman Narasimhan

Narasimhan was the CEO in health and hygiene company Reckitt, which is the owner of brands Lysol, Durex among others.

Howard Schultz will continue to be the interim CEO until April next year.

Narasimhan was born in Pune. He studied at Loyola High School in Pashan and St Vincent's High School before going to study in an Engineering college. 

Reacting to the appointment, Mahindra Group chairman Anand Mahindra tweeted, "What was initially a trickle of water has turned into a Tsunami. The appointment of Indian-origin CEOs at the world’s most iconic companies is now an unstoppable trend. International boardrooms consider them to be almost ‘safe’ leadership bets."

(Reporting by Suman Das)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.