Get all your news in one place.
100's of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
Business
Renata Geraldo

New Starbucks CEO inherits Schultz-drafted future and labor worries

When Howard Schultz returned to be Starbucks CEO for the third time last year, he made it clear he wasn't staying. Last week, he stepped down, handing over the role to Laxman Narasimhan.

Narasimhan, a former PepsiCo executive and chief executive of U.K.-based Lysol-maker Reckitt, was picked for the job last September. He spent the transition period mostly in the background. Starbucks said he was immersed in the coffee giant's culture and operations, and getting certified as a barista.

His first week on the job embodied much of what is in store for him — from union strikes across the nation to introducing himself to investors. It also presented his intention to reach out to front-line workers as he said he plans to work once a month in a cafe.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.