Starbucks Announces New CEO: Laxman Narasimhan
Narasimhan to Join Company on October 1st
Succeeds Howard Schultz
Seattle, WA - Starbucks Corporation (SBUX) has announced that Laxman Narasimhan will be joining the company as its new chief executive officer (CEO) on October 1, 2022. Narasimhan will relocate from London to the Seattle area to take on this role.
Narasimhan, a seasoned business executive with nearly 30 years of experience, has previously served as chief commercial officer at Starbucks. He succeeds interim CEO Howard Schultz, who will remain with the company as board chairman.
Starbucks praised Narasimhan for his proven leadership and expertise in the consumer goods industry. The company expressed confidence that he will lead Starbucks through its next phase of growth and innovation.
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