Skip to content
Search
AI Powered
Latest Stories

Starbucks names outgoing Reckitt leader Laxman Narasimhan as next CEO

Starbucks names outgoing Reckitt leader Laxman Narasimhan as next CEO
Laxman Narasimhan

Starbucks named Laxman Narasimhan, a veteran of PepsiCo and other consumer brands, as its next chief executive on Thursday.

Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks on October 1, the company said in a news release.


Following a stretch working with longtime Starbucks CEO and interim boss Howard Schultz, Narasimhan will take over the top spot on April 1, 2023.

The transition comes as Starbucks navigates a burgeoning US unionization push following a difficult stretch for workers during Covid-19.

Starbucks has responded to the drive by boosting investments in worker pay and stores as Schultz has undertaken a "listening tour" to hear out employee concerns.

Narasimhan "is uniquely positioned to shape this work and lead the company forward with his partner-centered approach," Schultz said, calling him "the right leader to take Starbucks into its next chapter."

Starbucks Workers United organizing member Michelle Eisen called on Narasimhan to end the company's "scorched earth union-busting campaign and work with all Starbucks partners to make Starbucks a better company and better place to work."

Neil Saunders, analyst at GlobalData Retail, said the appointment was a "good move" in light of Narasimhan's record in overseas markets and experience in retail operations.

"One of Mr Narasimhan's tasks will be to ensure that Starbucks remains on the front foot. Howard Schultz has already set out some embryonic plans for doing this," Saunders said.

"Given that Mr Schultz has been involved in the recruitment process we believe the transition will be relatively seamless as Starbucks moves to its next chapter."

Reckitt had announced Narasimhan's departure earlier Thursday, saying he had been motivated to relocate back to the United States for "personal and family reasons."

More for you

Illegal vape seizures in Essex surge by 14,000%, highlighting the growing black market and calls for stricter regulations

Essex sees shocking 14,000 per cent surge in illegal vape seizures

Essex has seen a staggering rise of over 14,000 per cent in illegal vape seizures in the past 12 months, a new report has revealed.

The shocking figures place the county just behind the London Borough of Hillingdon for total seizures - which leading industry expert, Ben Johnson, Founder of Riot Labs, attributes to its proximity to Heathrow airport.

Keep ReadingShow less
long-term effects of vaping on children UK study
Photo: iStock

Vaping: Government begins decade-long child health study

Britain will investigate the long-term effects of vaping on children as young as eight in a decade-long study of their health and behaviour, the government said on Wednesday.

The government has been cracking down on the rapid rise of vaping among children, with estimates showing a quarter of 11- to 15-year-olds have tried it out.

Keep ReadingShow less
United Wholesale Dominates 2025 Scottish Wholesale Achievers Awards

Scottish Wholesale Achievers Awards

Scottish Wholesale Association

Scottish wholesalers celebrated at annual awards

United Wholesale, JW Filshill and CJ Lang & Sons emerged as the stars of Scotland wholesale world in the recently held annual Scottish Wholesale Achievers Awards.

Achievers, now in its 22nd year and organised by the Scottish Wholesale Association, recognises excellence across all sectors of the wholesale industry and the achievements that have made a difference to individuals, communities and businesses over the last year.

Keep ReadingShow less
Self-checkout tills at UK grocery store

Self-checkout at grocery store

iStock image

Debate heats up as community group calls to boycott self-checkouts

While a community group recently criticised self-service checkouts, saying automation lacks the "feel good factor", retailers maintain that rise in the trend is a response to changing consumer behaviour and the need of the hour.

Taking aim at self-checkouts in stores, Bridgwater Senior Citizens' Forum recently stated that such automation is replacing workers and damaging customer service.

Keep ReadingShow less