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Evening Standard
Evening Standard
Business
Michael Hunter

Starbucks appoints outgoing Reckitt Benckiser chief as its next CEO

Starbucks brews up at 34,000 coffee shops around the world (Yui Mok/PA)

(Picture: PA Archive)

The outgoing chief executive of Reckitt Benckiser has been named as the next CEO of Starbucks, the coffee giant which has almost 34,000 outlets across the globe.

Laxman Narasimhan’s departure from the FTSE 100 maker of Gaviscon and Cillit Bang surprised the City when it was announced yesterday after just three years in charge, sending shares down by as much as 6%. The stock rebounded by 2% on Friday to 6410p.   

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