Narasimhan will replace Howard Schultz, who will continue on until April 2023
The coffee giant said Thursday that Laxman Narasimhan will join Starbucks on Oct. 1 after relocating from London to Seattle, where Starbucks is based.
“As I have had the opportunity to get to know him, it has become clear that he shares our passion of investing in humanity and in our commitment to our partners, customers, and communities,” Schultz said in a statement. Narasimhan has also served as a senior partner at the consulting firm McKinsey & Co., where he focused on its consumer, retail and technology practices in the U.S., Asia and India.
Narasimhan takes over a company with significant strengths. Starbucks reported record demand in the April-June period as strong U.S. sales made up for continuing closures in China, the company’s second-largest market.
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