Starbucks has named Laxman Narasimhan as its next chief executive officer.
It comes after Narasimhan, who was most recently the CEO of health and hygiene company Reckitt, announced on Thursday he was stepping down from that role.
He’ll join Starbucks in October but will begin his CEO role in April.
The New York Times reports: “Born in Pune, India, Mr. Narasimhan moved to the United States in 1991 to attend the University of Pennsylvania’s Wharton School. He then joined the consulting giant McKinsey & Company, eventually becoming a senior partner. In 2012, he moved to PepsiCo, where he rose through the ranks, overseeing operations in Latin America, Europe and sub-Saharan Africa, and becoming chief commercial officer.”
“His deep, hands-on experience driving strategic transformations at global consumer-facing businesses makes him the ideal choice to accelerate Starbucks growth and capture the opportunities ahead of us,” Starbucks board chair Mellody Hobson said in a statement.
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