That Starbucks' next CEO would be Laxman Narasimhan is no surprise. That he would become CEO on Monday, however, was.
The most immediate impact of the new timeline is that Narasimhan will lead Starbucks' annual shareholder meeting Thursday.
It also means that when Starbucks' former chairman and CEO Howard Schultz testifies at a U.S. Senate hearing next week about the coffee chain’s alleged union-busting activity, he won't technically be in charge. Starbucks announced Narasimhan as its next CEO last September, and has said he'd take the reins on April 1.The company had already resisted prior requests for Schultz's appearance before the Senate Health, Education, Labor, and Pensions committee, arguing that he'd be on this way out soon enough.
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New Starbucks CEO Laxman Narasimhan takes over for Howard SchultzLaxman Narasimhan took over as the CEO of Starbucks two weeks earlier than expected. It comes just before Howard Schultz is set to appear before a U.S. Senate committee next week.
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Starbucks new CEO Laxman Narasimhan takes his seatLongtime Starbucks leader Howard Schultz, who came out of retirement while the company searched for a new chief executive, will remain on the board.
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Howard Schultz out as CEO of StarbucksSchultz helped in the global search for a new leader and returned as interim CEO effective Apr. 4, 2022.
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Howard Schultz stepping down as interim CEO of StarbucksEffective immediately, Starbucks Interim CEO Howard Schultz announced to employees that he is stepping down after less than a year of returning to the company.
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