Laxman Narasimhan is stepping down as CEO of Starbucks, just 17 months after he assumed the role in March 2023, the coffee giant announced on Tuesday. Chipotle CEO Brian Niccol will take over in ...
Starbucks officially has a new CEO. The Seattle-based coffee chain on Monday announced that Laxman Narasimhan has officially taken the reins as Starbucks chief executive, nearly two weeks earlier ...
revenue for the second quarter dropped 2% and global same-store sales declined 4% from a year ago. Laxman will be replaced by Nicandro Durante, current Senior Independent Director.
Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks' employees Thursday that he also expects the company's leadership team to be connected and engaged in stores.
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