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Starbuck: Appointed Indian-Origin Laxman Narasimhan As New CEO

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Starbucks CEO

Starbucks CEO

Starbucks Corp appointed Laxman Narasimhan as its next chief executive officer, undertaking a “reinvention” of the world’s biggest coffee chain. Mr. Narasimhan was CEO of Reckitt, which also makes Durex condoms, baby formula, and Mucinex cold syrup. The company also its business model focuses on cafes that encouraged long visits to mobile pickup and delivery while facing higher costs for ingredients and labor. COVID restrictions in China have slowed the US coffee chain’s business in one of its biggest overseas markets.

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