Starbucks names former PepsiCo executive as new CEO
Starbucks names former PepsiCo executive as new CEO
The coffee giant said Thursday that Laxman Narasimhan will join Starbucks on Oct.
The coffee giant said Thursday that Laxman Narasimhan will join Starbucks on Oct.
He will work closely with Starbucks’ interim CEO Howard Schultz through April 1, when he will assume the CEO role and join the company’s boar
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Schultz said Narasimhan is “uniquely positioned” to lead the company, with a demonstrated track record of growth in both mature and emerging markets.
Narasimhan, 55, was most recently CEO of Reckitt.
Narasimhan, 55, was most recently CEO of Reckitt.
A U.K.-based consumer health, hygiene and nutrition company that makes Lysol cleaner and Enfamil formula, among other products.
Reckitt had announced Narasimhan’s surprise departure earlier Thursday
Reckitt’s shares dropped 5% following the announcement.