Laxman Narasimhan becomes the first ever Indian-origin person to become Starbucks CEO. Starbucks corporation is an American multinational chain of coffeehouses and its headquarter is situated in Seattle, Washington. It is the largest coffeehouse in the chain in the world. It’s a moment of pride for all Indians to cherish the accomplishments of the new Indian-origin Starbucks CEO.
Laxman Narasimhan: First Indian Origin Starbucks CEO
Narasimhan is an Indian-American business executive who has worked with mega multinational firms like PepsiCo, Reckitt, McKinsey, and Starbucks. Starbucks announced Narasimhan as its upcoming CEO in September 2021. He will overtake Howard Schultz who was assigned as an interim CEO since Kevin Johnson resigned in March 2022.
Narasimhan was assigned to the post of CEO of Reckitt Benckiser. However, he unprecedently resigned from his position in 2022 due to family issues.
Credits: Twitter
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Top Facts About Laxman Narasimhan
- Laxman Narasimhan was born on 15 May 1967 and raised in Pune, India.
- Education:
Degree in Mechanical Engineering, College of Engineering, Pune, India MA in German International Studies, Lauder Institute, University of Pennsylvania MBA in Finance, Wharton School, University of Pennsylvania. - Narasimhan worked for one of the top-rated global consulting companies McKinsey for 19 years until 2012.
- He worked as a director and location manager for McKinsey at their New Delhi office.
- Laxman joined PepsiCo as a Chief Commercial Office (CCO) in 2012.
- He later succeeded Rakesh Kapoor as CEO of Reckitt Benckiser in September 2019.
- Reckitt Benckiser took a turnaround decision of changing concerning a series of missteps and lackluster growth that marked the final years of his predecessor.
- Laxman unexpectedly resigned from Reckitt concerning family and personal issues.
- Starbucks announced Laxman Narasimhan to be their next CEO in September 2022.
- Laxman Narasimhan will now officially join as Starbucks CEO. He will replace Howard Schultz, who served as an interim Starbucks CEO after Kevin Johnson resigned from his post in March 2022.
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