Starbucks announced that Laxman Narasimhan will become the company’s next chief executive officer and a member of the Starbucks board of directors. Narasimhan will join Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area and will work closely with Howard Schultz, interim CEO, before assuming the CEO role and joining the Board on April 1, 2023, the company said. Narasimhan, who Starbucks said “brings nearly 30 years of experience leading and advising global consumer-facing brands,” most recently served as chief executive officer of Reckitt, a FTSE-12 listed multinational consumer health, hygiene and nutrition company. “Laxman is an inspiring leader. His deep, hands-on experience driving strategic transformations at global consumer-facing businesses makes him the ideal choice to accelerate Starbucks growth and capture the opportunities ahead of us. His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion, and operational leader will be true differentiators as we position Starbucks for the next 50 years, generating value for all our stakeholders. On behalf of the entire Board, I am thrilled to welcome Laxman as Starbucks next ceo,” said Mellody Hobson, Independent Starbucks board of directors chair.
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