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Laxman Narasimhan

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business2 years ago

Starbucks' New CEO Laxman Narasimhan: A Barista-Turned-Leader with a Plan.

Laxman Narasimhan has officially taken over as CEO of Starbucks, becoming the first external CEO of the company. In a letter to employees, Narasimhan emphasized his focus on long-term sustainable growth, elevating the brand, strengthening customers' digital experience, and growing the brand's global presence. He also plans to reinvigorate the company's culture around what it means to be a partner at Starbucks. Narasimhan, who previously served as CEO of Reckitt Benckiser, plans to continue working in stores for a half day each month to stay close to the culture and customers.

via Yahoo Finance|
#business#ceo#culture
business2 years ago

Starbucks' new CEO takes over early amidst Senate testimony.

Former interim CEO of Starbucks, Howard Schultz, is stepping down from his position earlier than expected, just days before he is set to testify in front of a Senate committee examining the coffee giant’s treatment of union organizing efforts. Laxman Narasimhan, who was selected as the incoming chief of the company in September, is taking over for Schultz immediately. Schultz agreed to testify after the company rebuked Sen. Bernie Sanders's request for the interim CEO to speak to lawmakers.

via The Hill|
#business#ceo#laxman-narasimhan
business2 years ago

Starbucks' new CEO takes over early amidst unionization turmoil.

Howard Schultz has stepped down as interim CEO of Starbucks two weeks earlier than expected, handing over the reins to Laxman Narasimhan. Schultz did not address his early exit, but Starbucks has been facing a labor dispute with workers leading unionizing efforts at locations around the country. The National Relations Labor Board has issued 82 complaints against Starbucks, and the company has denied violating labor laws. Narasimhan takes over as CEO after working as CEO of consumer products conglomerate Reckitt.

via New York Post |
#business#howard-schultz#labor-dispute
business2 years ago

Laxman Narasimhan assumes early CEO role at Starbucks, replacing Howard Schultz.

Laxman Narasimhan has officially taken over as the CEO of Starbucks two weeks ahead of schedule, replacing Howard Schultz who had been serving as interim CEO since April 2022. Schultz is set to testify before a Senate committee on March 29 regarding Starbucks' response to the unionization campaign. More than 280 Starbucks stores have voted to unionize since 2021.

via Fox Business|
#business#ceo#howard-schultz
business2 years ago

Laxman Narasimhan assumes early CEO role at Starbucks.

Laxman Narasimhan has officially taken over as CEO of Starbucks, succeeding Howard Schultz who served as interim CEO while the company searched for a new chief executive. Narasimhan, who most recently served as CEO of Reckitt, has traveled to more than 30 stores, manufacturing plants and support centers around the world since being named incoming CEO. Schultz will remain on the company's board.

via ABC News|
#business#ceo#howard-schultz
business2 years ago

Laxman Narasimhan replaces Howard Schultz as Starbucks CEO.

Laxman Narasimhan officially takes over as CEO of Starbucks, succeeding founder and interim CEO Howard Schultz who stepped down for the third time. Narasimhan, who joined the company on October 1, will lead the annual shareholders meeting this Thursday. He was formerly the CEO of Lysol-maker Reckitt Benckiser and held various roles at PepsiCo. Schultz is scheduled to testify before the Senate HELP Committee on March 29 in response to accusations that Starbucks has not allowed its workers to "organize unions" or engage "in collective bargaining to improve their wages and working conditions."

via Yahoo Finance|
#business#ceo#howard-schultz
business2 years ago

Laxman Narasimhan becomes Starbucks CEO ahead of schedule

Laxman Narasimhan has officially become CEO of Starbucks nearly two weeks earlier than expected, taking over from Howard Schultz. Narasimhan, who was previously CEO of Reckitt, will lead the coffee giant's annual shareholder meeting on Thursday. Despite stepping down earlier than anticipated, Schultz is still expected to testify in front of a Senate panel on March 29 about the company's alleged union-busting activity. Shareholders will also vote on a proposal from SOC Investment Group that would require the Starbucks board to start succession planning at least three years in advance.

via CNBC|
#business#ceo#howard-schultz