Laxman Narasimhan takes Starbucks’ helm

Founder and now former CEO Howard Schultz will retire early.

Laxman Narasimhan will take the role of chief executive officer, joining the company’s board of directors. 

Narasimhan replaces founder Howard Schultz, who has been interim CEO since April last year. 

Narasimhan has over 30 years of experience leading global consumer goods businesses and advising retail, grocery, restaurant and e-commerce companies. Over the past five months, he has embarked on a unique immersion experience, travelling to work with partners (employees) in over 30 stores, manufacturing plants and support centres around the world, earning his barista certification along the way. 

“Laxman’s intensive immersion into the business coupled with his extensive experience as a proven brand builder, innovator and operator have uniquely prepared him to lead Starbucks into its next phase of growth,” said Mellody Hobson, Independent Starbucks Board of Directors chair.

Schultz, meanwhile, will remain on the company’s board.