An Indian-American business figure named Laxman Narasimhan served as Reckitt Benckiser’s CEO and was formerly PepsiCo’s top commercial officer. Laxman Narasimhan was appointed as Starbucks’ new CEO on Thursday, September 1.
Howard Schultz, who will serve as interim CEO until April 2023, will be replaced by Narasimhan on October 1. After moving from London to America, he will join Starbucks.
Narasimhan said that his appointment as Starbucks’ new CEO, “I am humbled to be joining this iconic company at such a pivotal time. The Reinvention and investments in the partner and customer experiences position us to meet the changing demands we face today and set us up for an even stronger future.”
Who is Laxman Narasimhan? His wiki, age biography, and Education
Laxman Narasimhan was born on 15 April 1967. He is 55 years old as of now. Narasimhan was born and raised in Pune, He received his mechanical engineering degree from the Savitiribai Phule University’s College of Engineering.
He holds a master’s degree in German and international studies from The Lauder Institute at the University of Pennsylvania as well as an MBA in finance from the Wharton School.
With a focus on consumer brands, Narasimhan has substantial expertise in managing and consulting these businesses. He formerly served as the CEO of UK-based Reckitt Benckiser, which also manufactures Durex condoms and other food, hygiene, and health goods.
Laxman Narasimhan Career And Achievements
Laxman spent more than two decades working with McKinsey & Company, where he began his professional career. He worked as the company’s location manager in New Delhi before being given the director’s position.
He was responsible for leading the company’s retail-focused strategy and focusing on consumer, retail, and technology projects in the US, Asia, and India. He later joined PepsiCo in 2012 and assumed a number of executive positions, including Global Chief Commercial Officer,
In September 2019, he took over from Rakesh Kapoor as CEO of Reckitt Benckiser. Starbucks made the announcement that Narasimhan would take over as CEO on September 1, 2022.
Laxman Narasimhan’s marriage, Family, His relationship status
Narasimhan is married. The couple has been blessed with two kids. There is not much information about his wife and his kids in the public domain.
Laxman Narasimhan Net worth and salary
Laxman Narasimhan is thought to be worth at least $25.3 million, according to estimates. Narasimhan will earn $1.3 million dollars in basic pay for the entire year in addition to a $1.6 million dollar cash signing bonus.