{"id":1630107,"date":"2022-09-01T18:20:02","date_gmt":"2022-09-01T22:20:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1630107"},"modified":"2022-09-01T18:20:11","modified_gmt":"2022-09-01T22:20:11","slug":"starbucks-names-reckitts-narasimhan-as-new-ceo","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/starbucks-names-reckitts-narasimhan-as-new-ceo\/","title":{"rendered":"Starbucks names Reckitt\u2019s Narasimhan as new CEO"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstarbucks-names-reckitts-narasimhan-as-new-ceo%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1630107&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, after Reckitt Benckiser earlier in the day said he will step down as the London-listed company\u2019s CEO.<\/p>\n<p>Narasimhan will replace Howard Schultz, who will continue as Starbucks\u2019 interim chief until April next year and will remain with the coffee chain as an adviser through 2023.<\/p>\n<p>Starbucks said in March Schultz would return to lead the company after Kevin Johnson retired, taking over as interim CEO and driving strategy to deal with a growing union drive at U.S. cafes.<\/p>\n<p>Narasimhan joined Reckitt in September 2019 from PepsiCo and was the first external candidate to take the helm at the British company since it was formed in 1999.<\/p>\n<p>Narasimhan led the household goods maker through the pandemic, which boosted sales of its health and hygiene products, and as the company navigated a baby formula crisis in the United States.<\/p>\n<p>At Starbucks, Narasimhan will be tasked with leading the company through a turbulent period as a number of stores unionize, with demands for better benefits and wages, and increasing sales against the backdrop of decades-high inflation.<\/p>\n<p>Starbucks said Narasimhan will spend time with Schultz and the management team, visit manufacturing plants and coffee farms during the transition period.<\/p>\n<p>The coffee chain\u2019s shares, down nearly 27% this year, rose marginally to $85.70 after the bell. They have fallen 24% since Schultz\u2019s return as interim CEO.<\/p>\n<p> (Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2744059\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI80279-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI80279-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, after Reckitt Benckiser earlier in the day said he will step down as the London-listed company\u2019s<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1630107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1630107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1630107"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1630107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1630107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1630107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1630107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}