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Trending: Starbucks Names Laxman Narasimhan New Chief Executive

September 02, 2022 at 08:57 am EDT

10:42 ET -- Starbucks Corp. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Starbucks said Thursday that it named Laxman Narasimhan as its new chief executive officer, months after former head Howard Schultz temporarily took over to help the company navigate through rising costs, challenges in its China market and a unionization push. Mr. Narasimhan said he would step down from Reckitt Benckiser Group PLC on Sept. 30. Starbucks shares were down 0.2% at$85.26 at 10:42 a.m. ET. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)

(END) Dow Jones Newswires

09-02-22 1057ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	LONDON COFFEE	1,765	-1.07%	+1.61%	-
	RECKITT BENCKISER GROUP PLC	4,477 GBX	+0.02%	+5.18%	39.4B

Laxman Narasimhan

Laxman Narasimhan holds the position of Group Chief Executive Officer & Executive Director at Reckitt Benckiser Group Plc. Mr. Narasimhan is also on the board of The Brookings Institution and Member of Council on Foreign Relations, Inc. In his past career he was Chief Executive Officer & Director at Reckitt Benckiser (Bangladesh) Ltd., Global Chief Commercial Officer at PepsiCo, Inc. and Chief Financial Officer & Senior Vice President of PepsiCo Americas Foods (a subsidiary of PepsiCo, Inc.) and Director & Manager at Mckinsey & Co. (Haryana). He received a graduate degree from Joseph H Lauder Institute of Management & International, an MBA from The Wharton School of the University of Pennsylvania and an undergraduate degree from College of Engineering, Pune.

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