<p>The internet is rife with speculations that Starbucks' Indian-origin&nbsp;CEO Laxman&nbsp;Narasimhan was fired after he claimed that in order to maintain work-life balance, he never worked past 6 pm.&nbsp;</p>

<p>Narasimhan was sacked by the coffee giant on Tuesday (Aug 13) and immediately replaced by Brian Niccol, chief executive at Chipotle. Soon after the ouster,&nbsp;Narasimhan's interview with <em>Fortune </em>magazine&nbsp;last month, where he made the claim, went viral on social media.&nbsp;</p>

<p>"I am very disciplined about balance. If there's anything after 6 pm and I am in town, it's got to be a pretty high bar to keep me away from the family," the 57-year-old said at the time.&nbsp;</p>

<p>"Anybody who gets a minute of time after that better be sure that it's important...Because if not it will just wait for another day," he added.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/tv-news-anchor-sacked-in-turkey-for-using-starbucks-cup-on-broadcast-674094"><strong>Watch |&nbsp;TV news anchor sacked in Turkey for using Starbucks cup on broadcast</strong></a></p>

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<h2><strong>'If you say something like that...'</strong></h2>

<p>The&nbsp;netizens started sharing the clippings of the interview and poked fun at the departing CEO whose statement came across as arrogant to some.&nbsp;</p>

<p>"If you say something like this when the stock price is doing well, you sound like a genius. But if it's not doing well...you get fired," said one user, while another commented: "Laxman is quite a fitting name"</p>

<p>A third added: "Was it not working past six or was it just a bad CEO not understanding the product or the environment? It’s hard to tell. Maybe it’s all of it. Maybe it’s one of it who knows."</p>

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<p dir="ltr" lang="en">Starbucks CEO Laxman Narasimhan recently said that he doesn't work past 6pm and that if anyone at Starbucks gets a minute of his time after 6 pm they "better be sure that it's important."<br />
<br />
He was just fired today. <a href="https://t.co/ATEhYTFddB">pic.twitter.com/ATEhYTFddB</a></p>
— Triple Net Investor (@TripleNetInvest) <a href="https://twitter.com/TripleNetInvest/status/1823379278446391760?ref_src=twsrc%5Etfw">August 13, 2024</a></blockquote>
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<p dir="ltr" lang="en">The fact that the (former) Starbucks CEO, who's paid millions of dollars, refuses to work beyond 6pm is hilarious. It's a much lower standard than the majority of Starbucks employees who work extra time to open up and close down restaurants for the day. <a href="https://t.co/Ucwd6FOpOL">https://t.co/Ucwd6FOpOL</a></p>
— Joseph Carlson (@joecarlsonshow) <a href="https://twitter.com/joecarlsonshow/status/1823419096673014256?ref_src=twsrc%5Etfw">August 13, 2024</a></blockquote>
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<p>Starbucks has been under pressure from the investors as weakening consumer sentiment and difficult market conditions, especially in China, have heavily hit the revenue.&nbsp;</p>

<p><a href="https://www.wionews.com/business-economy/laxman-narasimhan-no-longer-starbucks-ceo-brian-niccol-to-lead-coffee-chain-749859"><strong>Also read |&nbsp;Laxman Narasimhan no longer Starbucks CEO; Brian Niccol to lead coffee chain</strong></a></p>

<p>The American company is looking to turn around its business while contending with broad-based sales declines.&nbsp;</p>

<p>Notably, Narasimhan took over the reins as the CEO of Starbucks in March last year. .</p>

<p><em>(With inputs from agencies)</em></p>


The internet is rife with speculations that Starbucks' Indian-origin CEO Laxman Narasimhan was fired after he claimed that in order to maintain work-life balance, he never worked past 6 pm.

The internet is rife with speculations that Starbucks' Indian-origin CEO Laxman Narasimhan was fired after he claimed that in order to maintain work-life balance, he never worked past 6 pm. Narasimhan was sacked by the coffee giant on Tuesday (Aug 13) and immediately replaced by Brian Niccol, chief executive at Chipotle. Soon after the ouster, Narasimhan's interview with Fortune magazine last month, where he made the claim, went viral on social media. "I am very disciplined about balance. If there's anything after 6 pm and I am in town, it's got to be a pretty high bar to keep me away from the family," the 57-year-old said at the time. "Anybody who gets a minute of time after that better be sure that it's important...Because if not it will just wait for another day," he added. Watch | TV news anchor sacked in Turkey for using Starbucks cup on broadcast × 'If you say something like that...' The netizens started sharing the clippings of the interview and poked fun at the departing CEO whose statement came across as arrogant to some. "If you say something like this when the stock price is doing well, you sound like a genius. But if it's not doing well...you get fired," said one user, while another commented: "Laxman is quite a fitting name" A third added: "Was it not working past six or was it just a bad CEO not understanding the product or the environment? It’s hard to tell. Maybe it’s all of it. Maybe it’s one of it who knows." Starbucks CEO Laxman Narasimhan recently said that he doesn't work past 6pm and that if anyone at Starbucks gets a minute of his time after 6 pm they "better be sure that it's important." He was just fired today. pic.twitter.com/ATEhYTFddB — Triple Net Investor (@TripleNetInvest) August 13, 2024 × The fact that the (former) Starbucks CEO, who's paid millions of dollars, refuses to work beyond 6pm is hilarious. It's a much lower standard than the majority of Starbucks employees who work extra time to open up and close down restaurants for the day. https://t.co/Ucwd6FOpOL — Joseph Carlson (@joecarlsonshow) August 13, 2024 × Starbucks has been under pressure from the investors as weakening consumer sentiment and difficult market conditions, especially in China, have heavily hit the revenue. Also read | Laxman Narasimhan no longer Starbucks CEO; Brian Niccol to lead coffee chain The American company is looking to turn around its business while contending with broad-based sales declines. Notably, Narasimhan took over the reins as the CEO of Starbucks in March last year. . (With inputs from agencies)

Not working past 6 pm cost Starbucks CEO Narasimhan his job? Internet speculates

<p>Starbucks on Tuesday (August 13) appointed Chipotle's Brian Niccol as its new chief executive officer, with Laxman Narasimhan stepping down with immediate effect.&nbsp;</p>

<p>The global coffee shop chain has been under intense pressure from activist investors. This also includes Elliott Investment Management, who acquired&nbsp;a stake in the company in the recent past.</p>

<p>"We are thrilled to welcome Brian to Starbucks. His phenomenal career speaks for itself," said Mellody Hobson, Starbucks board chair, on Tuesday (August 13), citing his "proven track record of driving innovation and growth".</p>

<p>The shares in Starbucks rose 11 per cent in pre-market trading. Chipotle shares, however, fell 10 per cent at the time of filing this report.</p>

<p><em>This is a developing story. More information will be added soon.&nbsp;</em></p>


Starbucks on Tuesday (August 13) appointed Chipotle's Brian Niccol as its new chief executive officer, with Laxman Narasimhan stepping down with immediate effect.

Starbucks on Tuesday (August 13) appointed Chipotle's Brian Niccol as its new chief executive officer, with Laxman Narasimhan stepping down with immediate effect. The global coffee shop chain has been under intense pressure from activist investors. This also includes Elliott Investment Management, who acquired a stake in the company in the recent past. "We are thrilled to welcome Brian to Starbucks. His phenomenal career speaks for itself," said Mellody Hobson, Starbucks board chair, on Tuesday (August 13), citing his "proven track record of driving innovation and growth". The shares in Starbucks rose 11 per cent in pre-market trading. Chipotle shares, however, fell 10 per cent at the time of filing this report. This is a developing story. More information will be added soon.

Laxman Narasimhan no longer Starbucks CEO; Brian Niccol to lead coffee chain

<p>We have all dreamed of having bosses who will join us and work alongside us, but alas, not everyone is that lucky. However, the new Starbucks boss, Laxman Narasimhan, will do just that. According to a letter he sent to the coffee chain employees, Narasimhan will be trying his hand at being a barista and will work at Starbucks stores half a day every month. As part of his training before taking over as CEO of Starbucks, he reportedly underwent a six months "immersive" training experience where he also learnt how to be a barista.</p>

<p>"I have learned so much about the retail experience from working in our stores."</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/business-economy/after-adani-group-row-hindenburg-says-new-report-soon-another-big-one-575035">Hindenburg's next target is Jack Dorsey's payment app's firm, Block</a></strong></p>

<p>"To keep us close to the culture and our customers, as well as to our challenges and opportunities, I intend to continue working in stores for a half day each month, and I expect each member of the leadership team to also ensure our support centres stay connected and engaged in the realities of our stores for discussion and improvement," he wrote in the letter published on Starbucks website.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/trending/tesla-50-per-cent-price-cut-creates-havoc-in-chinese-market-report-575008">Tesla’s 50 per cent price slash creates ‘havoc’ in Chinese electric car market: Report</a></strong></p>

<p>"We are a team of partners, and as CEO, I will continue to earn my green apron every day," he added.&nbsp;</p>

<p>Before Starbucks, Narasimhan worked as an executive at PepsiCo. He took over the reins as the CEO of the American multinational chain of coffeehouses on March 20.&nbsp;His appointment comes at a time when Starbucks faces massive strikes at the hands of its employees who are demanding that the multinational coffee brand stop its antiunion coercion.</p>

<p><em>(With inputs from agencies)</em><br />
&nbsp;</p>

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We have all dreamed of having bosses who will join us and work alongside us, but alas, not everyone is that lucky. However, the new Starbucks boss, Laxman Narasimhan, will do just that.

We have all dreamed of having bosses who will join us and work alongside us, but alas, not everyone is that lucky. However, the new Starbucks boss, Laxman Narasimhan, will do just that. According to a letter he sent to the coffee chain employees, Narasimhan will be trying his hand at being a barista and will work at Starbucks stores half a day every month. As part of his training before taking over as CEO of Starbucks, he reportedly underwent a six months "immersive" training experience where he also learnt how to be a barista. "I have learned so much about the retail experience from working in our stores." Also read | Hindenburg's next target is Jack Dorsey's payment app's firm, Block "To keep us close to the culture and our customers, as well as to our challenges and opportunities, I intend to continue working in stores for a half day each month, and I expect each member of the leadership team to also ensure our support centres stay connected and engaged in the realities of our stores for discussion and improvement," he wrote in the letter published on Starbucks website. Also read | Tesla’s 50 per cent price slash creates ‘havoc’ in Chinese electric car market: Report "We are a team of partners, and as CEO, I will continue to earn my green apron every day," he added. Before Starbucks, Narasimhan worked as an executive at PepsiCo. He took over the reins as the CEO of the American multinational chain of coffeehouses on March 20. His appointment comes at a time when Starbucks faces massive strikes at the hands of its employees who are demanding that the multinational coffee brand stop its antiunion coercion. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Starbucks' new CEO Laxman Narasimhan says will work as a Barista

<p>A strike by unionised Starbucks baristas against the company's alleged anti-union coercion was planned on Wednesday at approximately 100 cafes as they welcomed their new CEO <a href="https://www.wionews.com/india-news/indian-origin-laxman-narasimhan-assumes-office-as-ceo-of-starbucks-574170">Laxman Narasimhan</a>.</p>

<p>Baristas on strike from Oregon and Washington state gathered in Seattle for a midday demonstration in front of Starbucks headquarters.&nbsp;The work stoppage is the latest attempt by the union Starbucks Workers Union to compel changes at the global coffee brand, as reported by Bloomberg.&nbsp;</p>

<p>The union has won elections at about 290 of the company's roughly 9,000 corporate-owned US&nbsp;cafés after claiming an initial historic victory in Buffalo, New York, 15 months ago.</p>

<p>However, the number of new petitions for union recognition has decreased as a result of workers' claims that the company has been retaliating against them in stores and stalling negotiations.&nbsp;</p>

<p><em><strong>Disclaimer:&nbsp;WION cannot independently&nbsp;verify the authenticity of photos and videos shared on social media.</strong></em></p>

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<p dir="ltr" lang="en">BOOM: Starbucks workers from 100+ stores are on strike today demanding they stop union-busting and give better contracts to their workers!<a href="https://twitter.com/hashtag/StarbucksShareholders?src=hash&amp;ref_src=twsrc%5Etfw">#StarbucksShareholders</a> <a href="https://twitter.com/hashtag/UnionsForAll?src=hash&amp;ref_src=twsrc%5Etfw">#UnionsForAll</a> <a href="https://t.co/xkJJ9jurTl">pic.twitter.com/xkJJ9jurTl</a></p>
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<p>Starbucks stated earlier this week that it provides benefits that are unmatched in the industry, that it respects the freedom of workers to organise and protest, but that it views maintaining a direct line of communication with its employees as fundamental to its culture.&nbsp;</p>

<p><strong>ALSO WATCH |&nbsp;Indian-origin Laxman Narasimhan takes over as Starbucks CEO&nbsp;</strong></p>

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<p>The company has consistently argued that any allegations of anti-union action there are "categorically false." Starbucks claims the union did not deal fairly and that US&nbsp;labour board authorities are attempting to exploit lawsuits against it to create new precedents that will alter current labour law.</p>

<p>The strike comes a&nbsp;day before Starbucks' annual shareholder meeting, Laxman Narasimhan's first as CEO since officially taking over from Howard Schultz this week. Investors, particularly pension funds from New York City, submitted a resolution this year requesting that the company carry out a labor-rights audit, and Schultz will be challenged by senators during a hearing next week.&nbsp;</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/business-economy/starbucks-ceo-may-have-to-testify-before-the-us-senate-568066">Starbucks CEO may have to testify before the US&nbsp;Senate</a></p>

<p>Regional directors of the National Labor Relations Board have filed 80 charges alleging that the company violated the law in order to thwart organising activities, including by excluding unionised stores from new benefits, closing cafes, and firing scores of activists.</p>

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A strike by unionised Starbucks baristas against the company's alleged anti-union coercion was planned on Wednesday at approximately 100 cafes as they welcomed their new CEO Laxman Narasimhan.

A strike by unionised Starbucks baristas against the company's alleged anti-union coercion was planned on Wednesday at approximately 100 cafes as they welcomed their new CEO Laxman Narasimhan. Baristas on strike from Oregon and Washington state gathered in Seattle for a midday demonstration in front of Starbucks headquarters. The work stoppage is the latest attempt by the union Starbucks Workers Union to compel changes at the global coffee brand, as reported by Bloomberg. The union has won elections at about 290 of the company's roughly 9,000 corporate-owned US cafés after claiming an initial historic victory in Buffalo, New York, 15 months ago. However, the number of new petitions for union recognition has decreased as a result of workers' claims that the company has been retaliating against them in stores and stalling negotiations. Disclaimer: WION cannot independently verify the authenticity of photos and videos shared on social media. BOOM: Starbucks workers from 100+ stores are on strike today demanding they stop union-busting and give better contracts to their workers!#StarbucksShareholders #UnionsForAll pic.twitter.com/xkJJ9jurTl — Scott Dworkin (@funder) March 22, 2023 × Starbucks stated earlier this week that it provides benefits that are unmatched in the industry, that it respects the freedom of workers to organise and protest, but that it views maintaining a direct line of communication with its employees as fundamental to its culture. ALSO WATCH | Indian-origin Laxman Narasimhan takes over as Starbucks CEO The company has consistently argued that any allegations of anti-union action there are "categorically false." Starbucks claims the union did not deal fairly and that US labour board authorities are attempting to exploit lawsuits against it to create new precedents that will alter current labour law. The strike comes a day before Starbucks' annual shareholder meeting, Laxman Narasimhan's first as CEO since officially taking over from Howard Schultz this week. Investors, particularly pension funds from New York City, submitted a resolution this year requesting that the company carry out a labor-rights audit, and Schultz will be challenged by senators during a hearing next week. ALSO READ | Starbucks CEO may have to testify before the US Senate Regional directors of the National Labor Relations Board have filed 80 charges alleging that the company violated the law in order to thwart organising activities, including by excluding unionised stores from new benefits, closing cafes, and firing scores of activists. WATCH WION LIVE HERE:

WATCH | Starbucks workers plan 100-cafe strikes, accuse brand of anti-union coercion

<p>Laxman Narasimhan, an executive of Indian origin, joined the expanding club of business leaders with Indian ancestry who are leading major multinational corporations by officially assuming the position of Chief Executive Officer at the global coffee giant Starbucks.</p>

<p>Starbucks had announced in September of last year that Narasimhan would take over as the brand's&nbsp;future CEO and a member of the Starbucks Board of Directors.&nbsp;</p>

<p>Narasimhan joined Starbucks as the next CEO on October 1, 2022, after moving from London to the Seattle area, following a global hunt for the new CEO to succeed company founder and now&nbsp;former CEO, Howard Schultz.</p>

<p>“Effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors,” Starbucks said in a statement.</p>

<p>“As he ascends into the role, Narasimhan will continue engaging the leadership team, sharing his early learnings and insights and assessing opportunities for the company as they chart a path forward,” the company said, as quoted by PTI.</p>

<p>Narasimhan, a former CEO of the consumer health, hygiene, and nutrition multinational Reckitt Benckiser with headquarters in the UK, joins Starbucks with nearly 30 years of experience managing multinational consumer goods businesses and providing advice to retailers, food distributors, restaurants, and e-commerce companies.&nbsp;</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/trending/starbucks-taps-indian-born-laxman-narasimhan-as-its-next-ceo-twitter-erupts-with-memes-512454">Starbucks taps Indian-born Laxman Narasimhan as its next CEO, Twitter erupts with memes</a></p>

<p>The company claimed that over the previous five months, he had engaged in a special immersion experience, travelling to work alongside staff members in more than 30 stores, manufacturing facilities, and support centres throughout the globe, "earning his barista certification" as he moved.</p>

<p>“I am humbled to officially step into my role as Starbucks chief executive officer, leading our incredible team of more than 450,000 green apron partners around the world,” the company statement quoted Narasimhan as saying.</p>

<p>"As a human connection business, we have limitless possibilities to deliver for our partners, our customers, our investors and our communities through every cup and every connection. I am excited to work alongside our partners worldwide to unlock the limitless future of Starbucks,” said&nbsp;Narasimhan.&nbsp;</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/india-news/india-may-become-energy-independent-by-2047-transition-to-near-100-ev-sales-us-study-573724">India may become energy-independent by 2047, transition to near 100% EV sales: US study</a></p>

<p>Narasimhan's appointment added him to the growing list of CEOs of global powerhouses of Indian descent, which also includes Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, Alphabet CEO Sundar Pichai, and IBM Chairman and Chief Executive Officer Arvind Krishna. Prior to her resignation in 2018, Indra Nooyi had been the CEO of PepsiCo for 12 years.&nbsp;</p>

<p>Last month, US President Joe Biden proposed Ajay Banga, a former CEO of Mastercard, as the next president of the World Bank.</p>

<p><em>(With inputs from agencies)</em></p>

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Laxman Narasimhan, an executive of Indian origin, joined the expanding club of business leaders with Indian ancestry who are leading major multinational corporations by officially assuming the position of Chief Executive Officer at the global coffee giant Starbucks.

Laxman Narasimhan, an executive of Indian origin, joined the expanding club of business leaders with Indian ancestry who are leading major multinational corporations by officially assuming the position of Chief Executive Officer at the global coffee giant Starbucks. Starbucks had announced in September of last year that Narasimhan would take over as the brand's future CEO and a member of the Starbucks Board of Directors. Narasimhan joined Starbucks as the next CEO on October 1, 2022, after moving from London to the Seattle area, following a global hunt for the new CEO to succeed company founder and now former CEO, Howard Schultz. “Effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company’s board of directors,” Starbucks said in a statement. “As he ascends into the role, Narasimhan will continue engaging the leadership team, sharing his early learnings and insights and assessing opportunities for the company as they chart a path forward,” the company said, as quoted by PTI. Narasimhan, a former CEO of the consumer health, hygiene, and nutrition multinational Reckitt Benckiser with headquarters in the UK, joins Starbucks with nearly 30 years of experience managing multinational consumer goods businesses and providing advice to retailers, food distributors, restaurants, and e-commerce companies. ALSO READ | Starbucks taps Indian-born Laxman Narasimhan as its next CEO, Twitter erupts with memes The company claimed that over the previous five months, he had engaged in a special immersion experience, travelling to work alongside staff members in more than 30 stores, manufacturing facilities, and support centres throughout the globe, "earning his barista certification" as he moved. “I am humbled to officially step into my role as Starbucks chief executive officer, leading our incredible team of more than 450,000 green apron partners around the world,” the company statement quoted Narasimhan as saying. "As a human connection business, we have limitless possibilities to deliver for our partners, our customers, our investors and our communities through every cup and every connection. I am excited to work alongside our partners worldwide to unlock the limitless future of Starbucks,” said Narasimhan. ALSO READ | India may become energy-independent by 2047, transition to near 100% EV sales: US study Narasimhan's appointment added him to the growing list of CEOs of global powerhouses of Indian descent, which also includes Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, Alphabet CEO Sundar Pichai, and IBM Chairman and Chief Executive Officer Arvind Krishna. Prior to her resignation in 2018, Indra Nooyi had been the CEO of PepsiCo for 12 years. Last month, US President Joe Biden proposed Ajay Banga, a former CEO of Mastercard, as the next president of the World Bank. (With inputs from agencies) WATCH WION LIVE HERE:

Indian-origin Laxman Narasimhan assumes office as CEO of Starbucks

Here, we bring you the news that is trending across WION's social media platforms - Indian-origin Laxman Narasimhan on assumed the role of the CEO of Starbucks, taking over from Howard Schultz.

Indian-origin Laxman Narasimhan takes over as Starbucks CEO | Trending on WION

Yet another Indian-American has now become the CEO of a top global firm coffee chain. Starbucks has appointed Laxman Narasimhan, the Chief Executive Officer of Ben Carson group as its next CEO. With this, Starbucks has chosen a consumer industry veteran to start a new path.

Starbucks names Laxman Narasimhan as the next CEO

<p paraeid="{ef62fb23-b809-4ccc-a64c-07fc32eb041d}{220}" paraid="1678779816" >Indian-origin Laxman Narasimhan will be replacing Howard Schultz as the new Chief Executive Officer (CEO) of Coffee giant&nbsp;Starbucks, the company announced on Thursday. Laxman, who was formerly the CEO of Reckitt – makers of Durex condoms and Mucinex cold syrup, will join the company on October 1.&nbsp;</p>

<p paraeid="{377a4280-1392-42c2-910a-3d0fc43d20f8}{195}" paraid="1103290802" >Schultz, who has served as Starbucks CEO on multiple occasions, will be staying with the company as interim chief till 2023 and then, will&nbsp;continue as a member of the Board of Directors.&nbsp;</p>

<p paraeid="{377a4280-1392-42c2-910a-3d0fc43d20f8}{195}" paraid="1103290802" >Also read |&nbsp;<a href="https://www.wionews.com/world/donald-trump-and-his-supporters-are-threat-to-democracy-says-joe-biden-512218" hreflang="en">Donald Trump and his supporters are 'threat to democracy', says Joe Biden</a></p>

<p paraeid="{06187d16-f8a5-4042-880a-491b405b46ca}{227}" paraid="708045695" >Narasimhan, born in Pune, India earned his degree in mechanical engineering from the&nbsp;Savitribai Phule Pune University. He moved to the United States for further studies and completed his MA in German and International Studies from The Lauder Institute at the University of Pennsylvania, and an MBA in Finance from the&nbsp;Wharton School&nbsp;at the&nbsp;University of Pennsylvania, according to AFP.&nbsp;</p>

<p paraeid="{7f22bc4e-4088-4810-94a2-b7df218690f9}{167}" paraid="1978955119" >Schulz was all praise for his successor as he called Laxman the “right leader to take Starbucks into its next chapter”. He also praised Laxman for his “partner-centred approach” and “track record”.&nbsp;</p>

<p paraeid="{7f22bc4e-4088-4810-94a2-b7df218690f9}{167}" paraid="1978955119" >Also read |&nbsp;<a href="https://www.wionews.com/world/us-russia-nuclear-weapons-inspection-must-as-per-new-start-treaty-says-us-512208">US-Russia nuclear weapons inspection must as per New START Treaty, says US</a></p>

<p paraeid="{53c174f8-fbff-401d-808d-a1c3b364ffeb}{146}" paraid="1583634881" >“When I learned about Laxman’s desire to relocate, it became apparent that he is the right leader to take Starbucks into its next chapter. He is uniquely positioned to shape this work and lead the company forward with his partner-centred approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets,” he said according to the Starbucks statement.&nbsp;</p>

<p paraeid="{1e294e44-d336-40ce-9c12-6864758eb5ea}{38}" paraid="257383631" >Narasimhan served as the Reckitt CEO from September 2019 and previously, he was also the Chief Business Officer at Pepsi Co. He was also a member of British prime minister Boris Johnson’s Build Back Better Council which was aimed at “economic recovery and growth across the UK”.&nbsp;</p>

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Indian-origin Laxman Narasimhan will be replacing Howard Schultz as the new Chief Executive Officer (CEO) of Coffee giant Starbucks, the company announced on Thursday.

Indian-origin Laxman Narasimhan will be replacing Howard Schultz as the new Chief Executive Officer (CEO) of Coffee giant Starbucks, the company announced on Thursday. Laxman, who was formerly the CEO of Reckitt – makers of Durex condoms and Mucinex cold syrup, will join the company on October 1. Schultz, who has served as Starbucks CEO on multiple occasions, will be staying with the company as interim chief till 2023 and then, will continue as a member of the Board of Directors. Also read | Donald Trump and his supporters are 'threat to democracy', says Joe Biden Narasimhan, born in Pune, India earned his degree in mechanical engineering from the Savitribai Phule Pune University. He moved to the United States for further studies and completed his MA in German and International Studies from The Lauder Institute at the University of Pennsylvania, and an MBA in Finance from the Wharton School at the University of Pennsylvania, according to AFP. Schulz was all praise for his successor as he called Laxman the “right leader to take Starbucks into its next chapter”. He also praised Laxman for his “partner-centred approach” and “track record”. Also read | US-Russia nuclear weapons inspection must as per New START Treaty, says US “When I learned about Laxman’s desire to relocate, it became apparent that he is the right leader to take Starbucks into its next chapter. He is uniquely positioned to shape this work and lead the company forward with his partner-centred approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets,” he said according to the Starbucks statement. Narasimhan served as the Reckitt CEO from September 2019 and previously, he was also the Chief Business Officer at Pepsi Co. He was also a member of British prime minister Boris Johnson’s Build Back Better Council which was aimed at “economic recovery and growth across the UK”.

Indian-origin Laxman Narasimhan becomes new Starbucks CEO - Everything you need to know

<p>Starbucks on Thursday (September 1) named Indian-born Laxman Narasimhan its next Chief Executive Officer (CEO). Narasimhan currently heads the health and hygiene company Reckitt, from where he announced his departure earlier in the day.&nbsp;</p>

<p>"Starbuck's commitment to uplift humanity through connection and compassion has long distinguished the company, building an unrivalled, globally admired brand that has transformed the way we connect over coffee," Narasimhan said after the announcement.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/indian-origin-laxman-narasimhan-becomes-new-starbucks-ceo-everything-you-need-to-know-512222">Indian-origin Laxman Narasimhan becomes new Starbucks CEO: Everything you need to know</a>&nbsp;</strong></p>

<p>Narasimhan is now joining the growing ranks of Indian-descent CEOs heading leading US corporate giants. The list goes...Satya Nadella of Microsoft, Sundar Pichai of Alphabet, Shantanu Narayen of Adobe, Punit Renjen of Deloitte and Raj Subramaniam of FedEx.&nbsp;</p>

<p>With the announcement, a meme fest also erupted with people on social media platforms posting how Starbuck could become a little desi now.&nbsp;</p>

<p><strong>Here are some of the funny tweets:&nbsp;</strong></p>

<p><img alt="Starbucks" data-entity-type="file" data-entity-uuid="4f7e0e54-6ca5-40c6-8b7a-29bf6929329a" src="//cdn.wionews.com/sites/default/files/inline-images/Starbucks.png" /></p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/Starbucks?ref_src=twsrc%5Etfw">@Starbucks</a> Welcome <a href="https://twitter.com/lakslnarasimhan?ref_src=twsrc%5Etfw">@lakslnarasimhan</a> and hope all these memes come true, at least in India. 😊 <a href="https://t.co/40CaDkrkV7">pic.twitter.com/40CaDkrkV7</a></p>
— R Kannan 🇮🇳 (@Kannan22) <a href="https://twitter.com/Kannan22/status/1565583603006046210?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote>
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<p dir="ltr" lang="en">Filterrrrrrrr Coffeeeeee ☕️ What’s App Forward <a href="https://twitter.com/StarbucksIndia?ref_src=twsrc%5Etfw">@StarbucksIndia</a> 😊 <a href="https://t.co/e5eFwCOHS0">pic.twitter.com/e5eFwCOHS0</a></p>
— Isumit (@IMsumit28) <a href="https://twitter.com/IMsumit28/status/1565716643422310402?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote>
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<p dir="ltr" lang="en">Congratulations..<br />
<br />
We all should proud on this news Bcoz, In India where <a href="https://twitter.com/hashtag/Starbucks?src=hash&amp;ref_src=twsrc%5Etfw">#Starbucks</a> is running more than 250 stores with <a href="https://twitter.com/hashtag/Tata?src=hash&amp;ref_src=twsrc%5Etfw">#Tata</a> &amp; while <a href="https://twitter.com/hashtag/LaxmanNarasimhan?src=hash&amp;ref_src=twsrc%5Etfw">#LaxmanNarasimhan</a> ji of India is going to be <a href="https://twitter.com/hashtag/CEO?src=hash&amp;ref_src=twsrc%5Etfw">#CEO</a>, on the other hand there is no starbucks in <a href="https://twitter.com/hashtag/Muslim?src=hash&amp;ref_src=twsrc%5Etfw">#Muslim</a> <a href="https://twitter.com/hashtag/Country?src=hash&amp;ref_src=twsrc%5Etfw">#Country</a> of <a href="https://twitter.com/hashtag/Pakistan?src=hash&amp;ref_src=twsrc%5Etfw">#Pakistan</a> who separated frm us <a href="https://t.co/xBG7bMsijI">pic.twitter.com/xBG7bMsijI</a></p>
— Hamir Bharwad (@BharwadHamirG) <a href="https://twitter.com/BharwadHamirG/status/1565606184576765952?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote>
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<p dir="ltr" lang="en">Dear <a href="https://twitter.com/Starbucks?ref_src=twsrc%5Etfw">@Starbucks</a> now that you have Indian CEO - it's high time you bring Irani Chai and Osmania biscuits to your menu 😀<a href="https://twitter.com/hashtag/LaxmanNarasimhan?src=hash&amp;ref_src=twsrc%5Etfw">#LaxmanNarasimhan</a> <a href="https://twitter.com/hashtag/Starbucks?src=hash&amp;ref_src=twsrc%5Etfw">#Starbucks</a> <a href="https://twitter.com/hashtag/India?src=hash&amp;ref_src=twsrc%5Etfw">#India</a> <a href="https://t.co/l0KhtOSB88">pic.twitter.com/l0KhtOSB88</a></p>
— Vinod Kisanagaram (@kvr2277) <a href="https://twitter.com/kvr2277/status/1565500400937082881?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote>
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<p dir="ltr" lang="en">So now in this "ART" they have shown Lord Ganesha as a Starbucks employee.<br />
<br />
Why do all the "CREATIVITY" of these "ARTISTS" come out only for hindu gods/culture/rituals?<a href="https://twitter.com/Starbucks?ref_src=twsrc%5Etfw">@Starbucks</a> <a href="https://twitter.com/StarbucksIndia?ref_src=twsrc%5Etfw">@StarbucksIndia</a> Try to show "he who cannot be named" as your Waiter &amp; see what happens. <a href="https://t.co/HQod51J9La">pic.twitter.com/HQod51J9La</a></p>
— Shrucasm (@TheEastWind__) <a href="https://twitter.com/TheEastWind__/status/1565375000781082625?ref_src=twsrc%5Etfw">September 1, 2022</a></blockquote>
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<p dir="ltr" lang="en">Hoping this drops as a <a href="https://twitter.com/Starbucks?ref_src=twsrc%5Etfw">@Starbucks</a> menu item soon.🤩<a href="https://twitter.com/hashtag/Agencylife?src=hash&amp;ref_src=twsrc%5Etfw">#Agencylife</a> <a href="https://twitter.com/hashtag/Starbucks?src=hash&amp;ref_src=twsrc%5Etfw">#Starbucks</a> <a href="https://twitter.com/hashtag/LaxmanNarasimhan?src=hash&amp;ref_src=twsrc%5Etfw">#LaxmanNarasimhan</a> <a href="https://t.co/e2erAtnrLP">pic.twitter.com/e2erAtnrLP</a></p>
— Think Over Media (@ThinkOverMedia) <a href="https://twitter.com/ThinkOverMedia/status/1565575648080711680?ref_src=twsrc%5Etfw">September 2, 2022</a></blockquote>
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<p>Laxman Narasimhan studied mechanical engineering at the University of Pune and then he headed west, picking up the Masters in German and International Studies from The Lauder Institute at The University of Pennsylvania and an MBA in Finance from The Wharton School of The University of Pennsylvania.&nbsp;</p>

<p>Reports have mentioned that Narasimhan will join Starbucks in October. Although, he will take the helm in April 2023, after spending a few months learning about the company and its "Reinvention" plan.&nbsp;</p>

<p>It is learned that the new plans include paying better wages for baristas, improving employee welfare and customer experience and re-imagining stores.&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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Starbucks on Thursday (September 1) named Indian-born Laxman Narasimhan its next Chief Executive Officer (CEO). Narasimhan currently heads the health and hygiene company Reckitt, from where he announced his departure earlier in the day.

Starbucks on Thursday (September 1) named Indian-born Laxman Narasimhan its next Chief Executive Officer (CEO). Narasimhan currently heads the health and hygiene company Reckitt, from where he announced his departure earlier in the day. "Starbuck's commitment to uplift humanity through connection and compassion has long distinguished the company, building an unrivalled, globally admired brand that has transformed the way we connect over coffee," Narasimhan said after the announcement. ALSO READ | Indian-origin Laxman Narasimhan becomes new Starbucks CEO: Everything you need to know Narasimhan is now joining the growing ranks of Indian-descent CEOs heading leading US corporate giants. The list goes...Satya Nadella of Microsoft, Sundar Pichai of Alphabet, Shantanu Narayen of Adobe, Punit Renjen of Deloitte and Raj Subramaniam of FedEx. With the announcement, a meme fest also erupted with people on social media platforms posting how Starbuck could become a little desi now. Here are some of the funny tweets: @Starbucks Welcome @lakslnarasimhan and hope all these memes come true, at least in India. 😊 pic.twitter.com/40CaDkrkV7 — R Kannan 🇮🇳 (@Kannan22) September 2, 2022 × Filterrrrrrrr Coffeeeeee ☕️ What’s App Forward @StarbucksIndia 😊 pic.twitter.com/e5eFwCOHS0 — Isumit (@IMsumit28) September 2, 2022 × Congratulations.. We all should proud on this news Bcoz, In India where #Starbucks is running more than 250 stores with #Tata & while #LaxmanNarasimhan ji of India is going to be #CEO, on the other hand there is no starbucks in #Muslim #Country of #Pakistan who separated frm us pic.twitter.com/xBG7bMsijI — Hamir Bharwad (@BharwadHamirG) September 2, 2022 × Dear @Starbucks now that you have Indian CEO - it's high time you bring Irani Chai and Osmania biscuits to your menu 😀#LaxmanNarasimhan #Starbucks #India pic.twitter.com/l0KhtOSB88 — Vinod Kisanagaram (@kvr2277) September 2, 2022 × So now in this "ART" they have shown Lord Ganesha as a Starbucks employee. Why do all the "CREATIVITY" of these "ARTISTS" come out only for hindu gods/culture/rituals?@Starbucks @StarbucksIndia Try to show "he who cannot be named" as your Waiter & see what happens. pic.twitter.com/HQod51J9La — Shrucasm (@TheEastWind__) September 1, 2022 × Hoping this drops as a @Starbucks menu item soon.🤩#Agencylife #Starbucks #LaxmanNarasimhan pic.twitter.com/e2erAtnrLP — Think Over Media (@ThinkOverMedia) September 2, 2022 × Laxman Narasimhan studied mechanical engineering at the University of Pune and then he headed west, picking up the Masters in German and International Studies from The Lauder Institute at The University of Pennsylvania and an MBA in Finance from The Wharton School of The University of Pennsylvania. Reports have mentioned that Narasimhan will join Starbucks in October. Although, he will take the helm in April 2023, after spending a few months learning about the company and its "Reinvention" plan. It is learned that the new plans include paying better wages for baristas, improving employee welfare and customer experience and re-imagining stores. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Starbucks taps Indian-born Laxman Narasimhan as its next CEO, Twitter erupts with memes

<p>Consumer goods group <a href="https://www.wionews.com/world/pepsico-results-beat-as-new-ceos-ad-push-lifts-sales-211980">Reckitt Benckiser has picked PepsiCo</a> executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.</p>

<p>Narasimhan, PepsiCo's global chief commercial officer, is the first external candidate to be appointed as CEO at Reckitt since the maker of Durex condoms, Nurofen tablets and Dettol cleaners were formed in 1999.</p>

<p>The 52-year-old takes over as CEO on September 1, replacing Rakesh Kapoor, 60, who has led Reckitt for more than eight years and said in January he would retire this year.</p>

<p>Analysts welcomed the appointment, saying the new CEO would inject a fresh perspective to a company facing industrywide challenges to growth, though some said it raised doubts about the fate of Reckitt's restructuring plan.</p>

<p>The appointment is the latest in a series of external hirings as major consumer goods groups look to make up ground lost to smaller brands that have done a better job selling online and connecting with millennials on social media, while also facing investor pressure to boost efficiency.</p>

<p>Analysts had tipped Reckitt's health division operations chief Aditya Sehgal and hygiene home president Rob de Groot as potential internal successors to Kapoor.</p>

<p>In the end, Narasimhan's experience running large scale consumer businesses in developed and emerging markets helped him beat out 60 candidates reviewed for the job, Reckitt Benckiser Chairman Chris Sinclair told Reuters.</p>

<p>"He has got great perspective, but first and foremost we saw him as a consumerist and a consumer marketer and that's what set him apart," Sinclair said.</p>

<p>At PepsiCo, the chief commercial officer position held by Narasimhan will now be filled by the company's Greater China CEO Ram Krishnan, the US drinks maker said.</p>

<p>As well as industry challenges, Reckitt has faced company-specific setbacks in recent years, including a safety scandal in South Korea, a failed product launch and a cyber attack.</p>

<p>Kapoor launched a restructuring plan, dubbed RB 2.0, to split the group into two business units, one for health and one for hygiene and home products - under the same parent company.</p>

<p>Reckitt said on Wednesday Narasimhan would be charged with delivering the plan, due to be completed in 2020, but some analysts suggested he might have other ideas.</p>

<p>"The appointment of a new, external CEO is bound to raise questions regarding the timing of the end of the group's RB 2.0 plan and whether it will ultimately lead to a split of the company," Liberum analyst Robert Waldschmidt said.</p>

<p>Sinclair, however, said Reckitt was on track to complete the 2.0 program by mid or late 2020 and that Narasimhan agreed with the plan.</p>

<p><strong>Fresh Perspective</strong></p>

<p>Jefferies analyst Martin Deboo questioned why a company already smaller than rivals Procter &amp; Gamble and Unilever wanted to "descale itself", which could hobble its ability to compete in emerging markets.</p>

<p>Reckitt shares were up 1.6% in afternoon trading on the London Stock Exchange.</p>

<p>At least three analysts welcomed Narasimhan's appointment.</p>

<p>"Narasimhan's strategic and leadership background make him a strong fit for Reckitt. We believe he will bring a fresh perspective to both the business and to investors," Morgan Stanley analyst Richard Taylor wrote in a note.</p>

<p>Narasimhan led Strategy, Global Category Groups and Global R&amp;D in his capacity as Chief Commercial Officer at PepsiCo.</p>

<p>Prior to that, he headed the beverage maker's Latin America, Europe and Sub-Saharan Africa operations, managing annual sales of 14.5 billion pounds ($18.5 billion) - more than the total annual sales of Reckitt Benckiser. At one time he was also a chief financial officer of the group's Americas Foods business.</p>

<p>Narasimhan studied mechanical engineering in India before moving to the United States for an MBA degree. Before joining PepsiCo, he worked at consultants McKinsey for two decades, where he advised on large consumer and healthcare deals.</p>


Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.

Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals. Narasimhan, PepsiCo's global chief commercial officer, is the first external candidate to be appointed as CEO at Reckitt since the maker of Durex condoms, Nurofen tablets and Dettol cleaners were formed in 1999. The 52-year-old takes over as CEO on September 1, replacing Rakesh Kapoor, 60, who has led Reckitt for more than eight years and said in January he would retire this year. Analysts welcomed the appointment, saying the new CEO would inject a fresh perspective to a company facing industrywide challenges to growth, though some said it raised doubts about the fate of Reckitt's restructuring plan. The appointment is the latest in a series of external hirings as major consumer goods groups look to make up ground lost to smaller brands that have done a better job selling online and connecting with millennials on social media, while also facing investor pressure to boost efficiency. Analysts had tipped Reckitt's health division operations chief Aditya Sehgal and hygiene home president Rob de Groot as potential internal successors to Kapoor. In the end, Narasimhan's experience running large scale consumer businesses in developed and emerging markets helped him beat out 60 candidates reviewed for the job, Reckitt Benckiser Chairman Chris Sinclair told Reuters. "He has got great perspective, but first and foremost we saw him as a consumerist and a consumer marketer and that's what set him apart," Sinclair said. At PepsiCo, the chief commercial officer position held by Narasimhan will now be filled by the company's Greater China CEO Ram Krishnan, the US drinks maker said. As well as industry challenges, Reckitt has faced company-specific setbacks in recent years, including a safety scandal in South Korea, a failed product launch and a cyber attack. Kapoor launched a restructuring plan, dubbed RB 2.0, to split the group into two business units, one for health and one for hygiene and home products - under the same parent company. Reckitt said on Wednesday Narasimhan would be charged with delivering the plan, due to be completed in 2020, but some analysts suggested he might have other ideas. "The appointment of a new, external CEO is bound to raise questions regarding the timing of the end of the group's RB 2.0 plan and whether it will ultimately lead to a split of the company," Liberum analyst Robert Waldschmidt said. Sinclair, however, said Reckitt was on track to complete the 2.0 program by mid or late 2020 and that Narasimhan agreed with the plan. Fresh Perspective Jefferies analyst Martin Deboo questioned why a company already smaller than rivals Procter & Gamble and Unilever wanted to "descale itself", which could hobble its ability to compete in emerging markets. Reckitt shares were up 1.6% in afternoon trading on the London Stock Exchange. At least three analysts welcomed Narasimhan's appointment. "Narasimhan's strategic and leadership background make him a strong fit for Reckitt. We believe he will bring a fresh perspective to both the business and to investors," Morgan Stanley analyst Richard Taylor wrote in a note. Narasimhan led Strategy, Global Category Groups and Global R&D in his capacity as Chief Commercial Officer at PepsiCo. Prior to that, he headed the beverage maker's Latin America, Europe and Sub-Saharan Africa operations, managing annual sales of 14.5 billion pounds ($18.5 billion) - more than the total annual sales of Reckitt Benckiser. At one time he was also a chief financial officer of the group's Americas Foods business. Narasimhan studied mechanical engineering in India before moving to the United States for an MBA degree. Before joining PepsiCo, he worked at consultants McKinsey for two decades, where he advised on large consumer and healthcare deals.

Reckitt picks PepsiCo executive as CEO, going outside for first time

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