New Delhi: Laxman Narasimhan, born in India, has been appointed as the new CEO of the famous coffee company ‘Starbucks’.
In this regard, “Starbucks” said that Laxman Narasimhan will join the company from October 2023, but he will be the head of the company in April 2023. Until then, interim ‘CEO‘ Howard Salz will lead the company and Laxman Narasimhan will work with him till April 1.
In a letter to employees welcoming Narasimhan, Salz described him as a “strategic and transformational leader with deep experience in building agile consumer brands.”
Demand has been boosted by strong April-June sales for Starbucks in the US as the Covid-19 crackdown in China has slowed business.
Notably, 55-year-old Laxman Narasimhan was the CEO of Reckitt, the maker of Durex Condoms, EnFamily Baby Formula and Mucinex Cold Syrup. Additionally, he worked at PepsiCo as Global Chief Commercial Officer.
A graduate of Pune University, Laxman Narasimhan holds a BA in German and International Studies from the Lauder Institute of the University of Pennsylvania. In addition, he also holds a bachelor’s degree in business administration from the Wharton School of the University of Pennsylvania.
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