WASHINGTON: Yet another American c-suite was delivered to an Indian-born executive. StarbucksThe storied global coffee house from Seattle, has hired former McKinsey and Pepsi executive Laxman Narasimhan as its next CEO, the company announced on Thursday.
Narasimhan, now CEO of British conglomerate Reckitt Benckiser, will step down on September 30 and move from London to Seattle in October, preparing to take over as Starbucks’ longtime CEO. Howard Schultz next April.
“Laxman is an inspiring leader. His deep hands-on experience in driving strategic transformations at global consumer-facing businesses makes him the ideal choice to work with. accelerate the growth of Starbucks and seize the opportunities ahead,” Schultz said in a statement.
“His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion and operations leader will be the real differencers.” as we position Starbucks for the next 50 years, creating value for all of our stakeholders,” he added.
For his part, Narasimhan said he is “humbled to be joining this iconic company at such an important time, as recreating and investing in partner and customer experiences drives them.” I meet the changing needs we face today and set us up for an even stronger future.”
Beyond proforma bromides, however, Narasimhan, 55, will move into one of the world’s most prominent corporate leadership roles at the time, with approximately 35,000 stores and 383,000 employees worldwide. , is speaking out on union issues with accusations of trying to bankrupt union formation.
In fact, some critics of the company said the only reason Starbucks hired a new CEO was “because he spent nearly 20 years in a management position at McKinsey, the consulting firm that allegedly killed killed the labor movement in the 1960s & continued to help restructure companies to kill union efforts.”
Workers of the company’s fledgling unions welcomed Narasimhan’s appointment, saying, “We hope that the new CEO of Starbucks will bring to an end his campaign to destroy unions on scorched earth. Starbucks and instead chose to work with us. Now would be a great time for the company to end wrongdoing, store closures and other attacks against partners.”
Never mind labor troubles, Indian-Americans are excited for another success story in a series of victories that have seen PIOs become CEOs of Microsoft, Google/Alphabet, FedEx , Adobe and Deloitte among others.
Asha Jadeja Motwani, a Silicon Valley entrepreneur and venture capitalist wrote: “Another Indian heads an iconic American company. Indian humility and hard work ethic. India is strengthening American business like never before.”
Pune-born Narasimhan earned a degree in mechanical engineering from the College of Engineering at the University of Pune and came to the United States in 1991 to attend the Wharton School of the University of Pennsylvania. He then joined McKinsey, where he spent 19 years, eventually becoming a senior partner before moving to PepsiCo in 2012. He was recruited by Reckitt Benckiser as CEO in 2019 to succeed him. another Rakesh Kapoor PIO.
Narasimhan, now CEO of British conglomerate Reckitt Benckiser, will step down on September 30 and move from London to Seattle in October, preparing to take over as Starbucks’ longtime CEO. Howard Schultz next April.
“Laxman is an inspiring leader. His deep hands-on experience in driving strategic transformations at global consumer-facing businesses makes him the ideal choice to work with. accelerate the growth of Starbucks and seize the opportunities ahead,” Schultz said in a statement.
“His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion and operations leader will be the real differencers.” as we position Starbucks for the next 50 years, creating value for all of our stakeholders,” he added.
For his part, Narasimhan said he is “humbled to be joining this iconic company at such an important time, as recreating and investing in partner and customer experiences drives them.” I meet the changing needs we face today and set us up for an even stronger future.”
Beyond proforma bromides, however, Narasimhan, 55, will move into one of the world’s most prominent corporate leadership roles at the time, with approximately 35,000 stores and 383,000 employees worldwide. , is speaking out on union issues with accusations of trying to bankrupt union formation.
In fact, some critics of the company said the only reason Starbucks hired a new CEO was “because he spent nearly 20 years in a management position at McKinsey, the consulting firm that allegedly killed killed the labor movement in the 1960s & continued to help restructure companies to kill union efforts.”
Workers of the company’s fledgling unions welcomed Narasimhan’s appointment, saying, “We hope that the new CEO of Starbucks will bring to an end his campaign to destroy unions on scorched earth. Starbucks and instead chose to work with us. Now would be a great time for the company to end wrongdoing, store closures and other attacks against partners.”
Never mind labor troubles, Indian-Americans are excited for another success story in a series of victories that have seen PIOs become CEOs of Microsoft, Google/Alphabet, FedEx , Adobe and Deloitte among others.
Asha Jadeja Motwani, a Silicon Valley entrepreneur and venture capitalist wrote: “Another Indian heads an iconic American company. Indian humility and hard work ethic. India is strengthening American business like never before.”
Pune-born Narasimhan earned a degree in mechanical engineering from the College of Engineering at the University of Pune and came to the United States in 1991 to attend the Wharton School of the University of Pennsylvania. He then joined McKinsey, where he spent 19 years, eventually becoming a senior partner before moving to PepsiCo in 2012. He was recruited by Reckitt Benckiser as CEO in 2019 to succeed him. another Rakesh Kapoor PIO.
