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Narasimhan joined Starbucks in March 2023 after founder Howard Schultz stepped down as interim CEO for the third time. In 2023, Narasimhan’s total pay package was valued at $14.6 million.
Niccol replaces ousted CEO Laxman Narasimhan, ... Climate advocates also called out the controversial move by Starbucks. "As the world faces unprecedented heat waves, ...
He's also prioritizing the Siren Craft System, a series of equipment and process improvements introduced under ousted CEO Laxman Narasimhan in September 2022. Narasimhan had planned for 10% of US ...
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.
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]
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 stepping down immediately after just a year in the role, the company announced Tuesday. The struggling coffee chain has tapped Chipotle CEO and corporate fix-it man Brian ...
His retirement came at a highly controversial time in the firm's history. In September 2022, it was announced that Durante had been appointed as temporary CEO of Reckitt Benckiser, the Anglo-Dutch multinational consumer goods company, after the unexpected resignation of former CEO Laxman Narasimhan. [7]