{"id":61498,"date":"2022-09-02T11:05:00","date_gmt":"2022-09-02T05:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=61498"},"modified":"2022-09-02T11:00:35","modified_gmt":"2022-09-02T05:30:35","slug":"us-starbucks-ld-narasimhan","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/us-starbucks-ld-narasimhan\/","title":{"rendered":"Indian origin Laxman Narasimhan named new Starbucks CEO"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-319500221\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1009359853\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company.<\/p>\n<p>Starbucks announced on Thursday that Narasimhan will become the company\u2019s next chief executive officer and a member of the Starbucks Board of Directors.<\/p>\n<p>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, the interim CEO, before assuming the leadership role and joining the Board on April 1, 2023.<\/p><div class=\"trade-content_5\" id=\"trade-3325102698\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Reckitt Benckiser said in a statement Thursday that Narasimhan will step down as Chief Executive Officer on September 30, 2022.<\/p>\n<p>It said he has &#8220;decided for personal and family reasons to relocate back to the United States and has been approached for an opportunity that enables him to live there.\u201d In the statement, Narasimhan said that he has \u201cbeen offered an opportunity to return to the United States and although it is difficult to leave, it is the right decision for me and my family.&#8221; With this appointment, Narasimhan joins a growing list of Indian-origin CEOs at the helm of US-based global giants, including Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, Alphabet CEO Sundar Pichai and Twitter head Parag Agrawal. Indra Nooyi had served as PepsiCo\u2019s CEO for 12 years before stepping down in 2018.<\/p>\n<p>Schultz said that when he learned about Narasimhan\u2019s desire to relocate, it became apparent that he is the &#8220;right leader\u201d to take Starbucks into its next chapter.<\/p>\n<p>\u201cHe is uniquely positioned to shape this work and lead the company forward with his partner-centered approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets.\u201d Schultz, who helmed Starbucks for decades, said that as he got the opportunity to get to know Narasimhan, it became clear that he shares the company\u2019s passion for investing in humanity and \u201cin our commitment to our partners, customers, and communities.&#8221; &#8220;The perspectives he brings will be a strong asset as we build on our heritage in this new era of greater well-being. I greatly look forward to our partnership over the coming months and years,\u201d said Schultz.<\/p>\n<p>Narasimhan said he was \u201chumbled\u201d to join the global coffee giant.<\/p>\n<p>Starbucks\u2019 commitment to \u201cuplift humanity through connection and compassion has long distinguished the company, building an unrivaled, globally admired brand that has transformed the way we connect over coffee,&#8221; said Narasimhan.<\/p><div class=\"trade-content-10\" id=\"trade-999225306\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;I am humbled to be joining this iconic company at such a pivotal time, as the Reinvention and investments in the partner and customer experiences position us to meet the changing demands we face today and set us up for an even stronger future,\u201d he said.<\/p>\n<p>\u201cI look forward to working closely with Howard, the Board, and the entire leadership team \u2013 and to listening and learning from Starbucks partners \u2013 as we collectively build on this work to lead the company into its next chapter of growth and impact,\u201d he said.<\/p>\n<p>Narasimhan holds a degree in Mechanical Engineering from the College of Engineering, University of Pune, India. He has an MA in German and International Studies from The Lauder Institute at The University of Pennsylvania and an MBA in Finance from The Wharton School of The University of Pennsylvania.<\/p>\n<p>The Starbucks statement added that Narasimhan brings nearly 30 years of experience leading and advising global consumer-facing brands.<\/p>\n<p>\u201cKnown for his considerable operational expertise, he has a proven track record in developing purpose-led brands. Building on companies\u2019 histories, he has succeeded in rallying talent to deliver on future ambitions by driving consumer-centric and digital innovations,\u201d it said.<\/p>\n<p>Most recently, as Reckitt CEO, he led the company through a major strategic transformation and a return to sustainable growth, it said.<\/p>\n<p>Describing Narasimhan as \u201can inspiring leader,\u201d Mellody Hobson, Independent Starbucks Board of Directors&#8217; chair said his deep, hands-on experience driving strategic transformations at global consumer-facing businesses makes him the \u201cideal choice\u201d to accelerate Starbucks growth and capture the opportunities ahead of us.<\/p>\n<p>\u201cHis 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,\u201d Hobson said.<\/p>\n<p>During the transition period, Narasimhan will be fully immersed in the company, spending time with Schultz and the management team, partners and customers and gaining in-depth exposure to the brand, company culture, and Reinvention plan.<\/p>\n<p>This will initially include Starbucks store immersions, visiting manufacturing plants and coffee farms, connecting with partners around the globe as well as Starbucks&#8217; long-term business partners, Starbucks said.<\/p>\n<p>Schultz will remain in the role of interim CEO during this transition period, following which he will continue as a member of the Starbucks Board of Directors. He will remain closely involved with the company\u2019s Reinvention and act as an ongoing advisor to Narasimhan.<\/p>\n<p>Previously, Narasimhan held various leadership roles at PepsiCo, including as global chief commercial officer, where he was responsible for the company\u2019s long-term strategy and digital capabilities.<\/p>\n<p>He also served as CEO of the company\u2019s Latin America, Europe and Sub-Saharan Africa operations, and previously as the CEO of PepsiCo Latin America, and the CFO of PepsiCo Americas Foods.<\/p>\n<p>Prior to PepsiCo, Narasimhan was a senior partner at McKinsey &amp; Company, where he focused on its consumer, retail and technology practices in the US, Asia and India and led the firm\u2019s thinking on the future of retail.<\/p>\n<p>Narasimhan is also a trustee of the Brookings Institution, a member of the Council on Foreign Relations, served as a member of the UK Prime Minister\u2019s Build Back Better Council, and is a member of Verizon\u2019s Board of Directors. PTI YAS NSA<\/p>\n<div class=\"trade-after-content\" id=\"trade-3172493145\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":46779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-61498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian origin Laxman Narasimhan named new Starbucks CEO - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/us-starbucks-ld-narasimhan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian origin Laxman Narasimhan named new Starbucks CEO\" \/>\n<meta property=\"og:description\" content=\"Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. 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