Indians everywhere! Indian-origin Laxman Narasimhan is new CEO of Starbucks; know his salary

written by Rajan Nath | September 02, 2022

Who is Starbucks CEO Laxman Narasimhan and what is his salary? In a major development, the coffee giant 'Starbucks' has named the Indian-origin Laxman Narasimhan as its new Chief Executive Officer (CEO). This means Indians are making an impact across the world.

The new Starbucks CEO Narasimhan will join Starbucks on October 1. He will replace Howard Schultz, who will continue as interim chief until April 2023. The 55-years-old has served as chief executive of Lysol and Enfamil baby formula, UK-based Reckitt Benckiser Group PLC.

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Indians everywhere! Indian-origin Laxman Narasimhan is new CEO of Starbucks; know his salary Image Source: Twitter

Meanwhile, Narasimhan will relocate from London to the Seattle area. He will join Starbucks as the incoming CEO on October 1. He will assume the charge and join the company's board on April 1.

Indians everywhere! Indian-origin Laxman Narasimhan is new CEO of Starbucks; know his salary Image Source: Twitter

Who is Starbucks CEO Laxman Narasimhan?

The 55-year-old Indian man Laxman Narasimhan has been named as the next chief executive officer (CEO) of Starbucks Corp. He stepped down as the CEO at Reckitt Benckiser. Laxman comes with nearly 30 years of experience. He joined Reckitt as its CEO in 2019.

Before this, he held various senior roles at PepsiCo from 2012 to 2019. Prior to PepsiCo, he served as the Director of McKinsey & Company and held various roles from 1993 to 2012.

Indians everywhere! Indian-origin Laxman Narasimhan is new CEO of Starbucks; know his salary Image Source: Twitter

What is Starbucks CEO Laxman Narasimhan's salary?

Starbucks had brought Laxman Narasimhan on board as the next CEO with a whopping amount of $1.3-million annual package. In Indian currency, it is around Rs 10,38,21,250 per year.

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