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Laxman Narasimhan (born 15 May 1967) [1] is an Indian-born American business executive and former chief executive officer (CEO) of Starbucks and Reckitt. He was previously chief commercial officer (CCO) of PepsiCo. He joined Starbucks as interim CEO in October 2022, and succeeded Howard Schultz as CEO in April 2023.
Brian R. Niccol is an American businessman and the chairman and chief executive officer of Starbucks, a role which he started on September 9, 2024, replacing Laxman Narasimhan. He previously was chairman and CEO of Chipotle until August 31, 2024. [1] [2] [3]
Laxman Narasimhan is officially CEO of Starbucks. In a letter to employees, he said his focus is on "long-term sustainable growth" for the coffee chain.
The news comes just 17 months after Starbucks hired Laxman Narasimhan to take the reins from founder (and returning CEO) Howard Schultz. ... Schulz blasted the company on LinkedIn, ...
In 2023, Narasimhan’s total pay package was valued at $14.6 million. Based on the company’s disclosures, the $10.6 million is what Narasimhan is entitled to take with him when he leaves Starbucks.
Previously CEO of Chipotle; succeeds Laxman Narasimhan: 2024-08-27 Sun Hung Kai Properties: Raymond Kwok: Chairman and MD [102] 2011 Has been with the firm since 1978 2017-11-11 SunTrust Banks: William H. Rogers Jr. Chairman and CEO [103] 2011 Succeeded James M. Wells, III: 2017-11-11 Target Corporation: Brian Cornell: Chairman and CEO [104] 2014
In September, Starbucks named Laxman Narasimhan as incoming CEO. He joined the company October 1 with plans to officially begin his role and join the Starbucks' Board of Directors on April 1, 2023 ...
On October 1, 2022, Howard Schultz stepped down as CEO, with Laxman Narasimhan becoming Starbucks's next CEO. [72] On March 23, 2023, Narasimhan told employees that he would work a half-day behind a store counter each month, and he trained as a barista to immerse himself in the brand and stay close to customers. [73]