Starbucks Names Laxman Narasimhan New CEO


Starbucks named as its new CEO shopper merchandise government Laxman Narasimhan, months after former head Howard Schultz quickly took over to steer the coffee giant by way of rising prices, a unionization push and challenges abroad.

Mr. Narasimhan, 55 years previous, has served as chief government of the maker of Lysol and Enfamil child method, U.Okay.-based Reckitt Benckiser Group PLC, for the previous three years. On Thursday he announced he would step down from Reckitt on Sept. 30, and The Wall Road Journal reported that he was in ultimate negotiations to take a senior position at a U.S. firm.


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