News

Starbucks Now Has a New Indian CEO; Laxman Narasimhan

Starbucks just yesterday announced that the company has hired a new CEO named ‘Laxman Narasimhan’, who will go on to replace Howard Schultz in April. Narasimhan, an Indian by birth has stepped into the organization at a crucial time since the coffee retail chain is suffering from both unionization and inflation.

Former CEO Howard Schultz, joined the company just last year when it was in a pretty bad condition. Taking over the company after Kevin Jhonson, Schultz is often referred to as the CEO who took the company back from the reins.

Schultz, being the current CEO, was an active part of the hiring process. Speaking upon the selection of Narasimhan, he said that “We were looking for somebody that was a true servant leader that had a deep sense of humility. Laxman first and foremost is a true servant leader.”

Spending most of his life serving massive organizations, Laxman Narasimhan is no stranger to important roles. The 55-year-old has served as a senior PepsiCo executive and is currently serving as the CEO of Reckitt Benckiser, ‘the company behind products such as Lysol disinfectant and Durex’.

Laxman Narasimhan was born in Pune and his journey started when he moved to the US to pursue his studies from the University of Pennsylvania’s Wharton School. After completing his studies, he joined McKinsey & Company and worked through becoming a senior partner. Narasimhan then went on to join PepsiCo in 2012, where he worked through the ranks and eventually started overseeing operations in regions including Latin America, Europe and sub-Saharan Africa.

Howard Schultz, while speaking about Starbucks new hire said that “It was that breadth of experience across industries and international borders that drew Starbucks to Mr. Narasimhan. He’s a true operator and has the DNA of an entrepreneur.”

Starbucks believes that Narasimhan’s experience with Supply Chain and his connections in the corporate world will be of massive value to the company. From handling a mainstream brand in inflation to fighting off unionization threats, Narasimhan will surely have a lot on his hands.

With this achievement, Narasimhan has made it into the list of Indian Origin CEOs, who started from humble backgrounds and went on to carry big names in the business. Indians have been or are leading companies including IBM, Microsoft, Twitter, Adobe, Micron, Chanel, Pepsi and now even Starbucks.

 

Sponsored
Techjuice Team

Share
Published by
Techjuice Team
Tags: CEOStarbucks

Recent Posts

PayPal Resolves Global Outage Impacting Thousands

PayPal, the global payment processing company, announced on Friday that it had successfully resolved a…

8 mins ago

7,300 Teaching Interns Hired Across Punjab

LAHORE: Punjab government colleges have completed the recruitment of 7,354 teaching interns. The Higher Education…

41 mins ago

Pakistani Engineers To Get Free AI Training from PEC

The Pakistan Engineering Council (PEC) is launching a free six-week online training program on Generative…

1 hour ago

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

14 hours ago

WhatsApp Trials Group Chat Mentions in the Latest Status Update Feature

WhatsApp is rolling out a new feature in its latest Android beta version, allowing users…

14 hours ago

PTA Chairman Confirms No Orders for Mobile Service Shutdown

ISLAMABAD: Chairman of the Pakistan Telecommunication Authority (PTA), Major General (retd) Hafeez-ur-Rehman, confirmed that no…

15 hours ago