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The Latest Breaking News from Laxman Narasimhan

Reckitt Benckiser appoints company insider Kris Licht as new CEO

The US-based executive will move to the UK and take up the £1.1 million top job at the end of the year

Evening Standard

CEOs are working frontline shifts to drive employee retention

CEO at companies like Starbucks and Uber are picking up frontline shifts to boost employee satisfaction and retention.

Fortune

Commentary: Starbucks hearing is a watershed moment for workers

On Wednesday, former Starbucks CEO Howard Schultz was questioned by the Senate Committee on Health, Education, Labor and Pensions, dubbed HELP, about the company’s anti-union campaign and violations of federal labor law during his reign.

Tribune News Service

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Schultz denies alleged Starbucks union busting in Sanders-led congressional hearing

Former Starbucks CEO Howard Schultz defended the coffee giant’s labor practices and denied union busting Wednesday in his testimony before a Senate committee chaired by Sen. Bernie Sanders. His appearance, along with his Starbucks coffee cup, came after a lengthy refusal that nearly led to a subpoena vote.

Tribune News Service

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.

Tribune News Service

Starbucks Union Organizers Take Aim At Company’s New CEO: ‘I’d Prefer It If He Stayed Out Of Our Way’

Starbucks' new CEO recently laid out plans for the company including working in Starbucks stores as a barista once a month

Zenger

Starbucks CEO working in stores is smart if he doesn't make this big mistake

Laxman Narasimhan needs to be low-key and consistent if he's going to turn around the c-suite's relationship with staff, experts said.

Fortune

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Starbucks CEO focuses on new role, avoids labor issues in investor call

Starbucks new CEO Laxman Narasimhan led his first shareholder annual meeting Thursday, facing investors' questions just days after he took over the role from longtime leader Howard Schultz.

Tribune News Service

Starbucks chief executive to work a shift in a coffee shop each month

Laxman Narasimhan has already undergone 40 hours of barista training after joining the company in October

Wales Online

New Starbucks chief executive plans to work in stores every month

Laxman Narasimhan will spend half-day shift each month at one of the company’s 9,000 U.S. coffee shops to stay close to employees and customers.

Chicago Sun-Times

After 'union-buster' Howard Schultz departs as Starbucks CEO, his replacement underwent barista training. The rank and file isn't buying it

Laxman Narasimhan, who became Starbucks CEO this week, has a long road ahead with the labor union, which had been at odds with ex-CEO Howard Schultz.

Fortune

Schultz resigns ahead of Senate grilling

Schultz is slated to testify before Bernie Sanders’s Senate HELP Committee next week

Salon

Former Reckitt boss becomes Starbucks CEO succeeding founder Howard Schultz

Laxman Narasimhan has taken the helm of the global coffee giant

Birmingham Post

How Howard Schultz got Starbucks back on track in his third stint as CEO

He passes over to Laxman Narasimhan ahead of schedule.

Fortune

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The Guardian - US

Howard Schultz ends third stint as Starbucks CEO early

Fiercely anti-union Schultz stands down two weeks early having agreed to appear before Senate labor panel next week

The Guardian - UK

Starbucks to open 100 new UK coffee shops as tax bill on British sales falls

Investment suggests US-owned cafe chain will keep British arm despite report it was considering sale

Chicago Sun-Times

Starbucks to revamp stores to speed service, boost morale

The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.

Evening Standard

Ben van Beurden’s resignation at Shell takes 2022 tally of FTSE 100 CEO departures to 18

The top job at the UK’s most valuable company is changing hands at the end of the year

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Bangkok Post

Starbucks Interim CEO Maps Out Rebound for Coffee Chain

Starbucks Corp. interim chief executive Howard Schultz outlined a wide-ranging revamp of the coffee chain on Tuesday, ranging from cafe upgrades to expanded employee benefits, which he said is necessary to put the company on track for a turnaround by 2024.

Benzinga

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

Benzinga

Starbucks Stock Shows Relative Strength To S&P 500: Here's What To Watch

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

The Guardian - UK

From Slough to Seattle: the challenges facing Starbucks’ new boss

Surprise move to Seattle comes as global coffee chain faces unionisation drive

Evening Standard

Starbucks appoints outgoing Reckitt Benckiser chief as its next CEO

Laxman Narasimhan is swapping Slough for Seattle and takes up the top job there in April

Dynamite News

Starbucks names Indian-origin Laxman Narasimhan as new CEO

Laxman Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. Full story on Dynamite News:

Tribune News Service

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

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