American coffee chain Starbucks (SBUX) has found its new CEO in Laxman Narasimhan, an expert in consumer goods. Narasimhan will join Starbucks on October 1, and assume the full responsibility of CEO and join the company’s board on April 1, 2023. Until April 2023, Narasimhan will gain in-depth knowledge about the coffee giant's business operations and master the trade under the current interim CEO Howard Schultz. Narasimhan is based in London and currently heads U.K.-based consumer goods company Reckitt Benckiser Group PLC (GB:RKT). He also announced his departure from Reckitt yesterday but will continue to serve until September 30.
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