Indian-origin Starbucks has appointed Laxman Narasimhan as its new Chief Executive Officer (CEO). Reckitt, which also manufactures Durex condoms, Enfamil infant formula, and Mucinex cold syrup, was led by Laxman Narasimhan as CEO. Howard Schultz has been replaced by the 55-year-old, who most recently served as PepsiCo’s global chief commercial officer. He attended the College of Engineering at the University of Pune. He travelled to the US to attend the Wharton business school at the University of Pennsylvania after completing his engineering programme.
From 1993 to 2012, the executive was employed by the renowned management consulting firm McKinsey, rising to the position of director and location manager of the Delhi office. In 2012, Narasimhan joined the world’s largest beverage company, PepsiCo, where he later attained the position of chief commercial officer. He also held the position of president and CEO of PepsiCo Latin America. He was appointed CEO of the consumer goods company Reckitt Benckiser in 2019.
Laxman Narasimhan was referred to as a “inspiring leader” by Mellody Hobson, the independent chair of the Starbucks Board of Directors. She continued, “With his extensive, practical experience leading strategic transformations at multinational consumer-facing businesses, he is the ideal choice to accelerate Starbucks’ growth and seize the opportunities before us. Current CEO Howard Schultz declared, “It became clear that Laxman is the right leader to take Starbucks into its next chapter when I learned about Laxman’s desire to relocate. With his partner-centered approach, proven track record of developing capabilities, and ability to spur growth in both established and developing markets, he is uniquely positioned to shape this work and guide the business forward, according to Starbucks.
According to critics, the executive possesses “exceptional strategic capabilities and consumer insight.” His former employer Reckitt Benckiser has praised him for having “a proven track record in developing purpose-led brands and driving consumer-centric and digital innovation.”
By Subhechcha Ganguly
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