Starbucks hires Indian-origin Laxman Narasimhan as CEO

Starbucks, the 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, currently CEO of the British conglomerate Reckitt Benckiser, will step down on September 30 and move from London to Seattle in October, preparatory to taking over from Starbucks’ long-time CEO Howard Schultz next April.
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