Starbucks names Indian-origin Laxman Narasimhan as new CEO

New York: Global coffee giant Starbucks has named Indian-origin executive Laxman Narasimhan as its new Chief Executive Officer.

Narasimhan, 55, who will be relocating to the US from London, will assume the role of CEO on April 1, 2023.

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Starbucks announced on Thursday that Narasimhan will become the company’s next Chief Executive Officer and a member of the Starbucks Board of Directors.

Narasimhan will join Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area and will work closely with Howard Schultz, the interim CEO, before assuming the leadership role and joining the Board on April 1, 2023.

PTI