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In 2023, Narasimhan’s total pay package was valued at $14.6 million. Based on the company’s disclosures, the $10.6 million is what Narasimhan is entitled to take with him when he leaves Starbucks.
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.
Starbucks is replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, who oversaw huge growth at the fast-casual food chain.
Starbucks shares soared more than 20% on Tuesday after the coffee chain said it is ousting its current CEO, Laxman Narasimhan, and will replace him with Chipotle chief executive Brian Niccol.
Starbucks is trying to brew ... a series of equipment and process improvements introduced under ousted CEO Laxman Narasimhan in September 2022. Narasimhan had planned for 10% of US locations to ...
SEATTLE, WASHINGTON - SEPTEMBER 13, 2022: CEO of Starbucks Howard Schultz back stage with soon to be Starbucks CEO Laxman Narasimhan at Starbucks Headquarters during Investor Day in Seattle ...
In September, Starbucks named Laxman Narasimhan as incoming CEO. He joined the company October 1 with plans to officially begin his role and join the Starbucks' Board of Directors on April 1, 2023 ...
Starbucks (SBUX) named Laxman Narasimhan as its new CEO, effective April 1st, 2023, as the company faces unionization efforts, ongoing inflation, and dampened sales overseas.