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Posted 21 March, 2023

STARBUCKS CORP appointed Laxman Narasimhan as new CEO

Nasdaq:SBUX appointed new Chief Executive Officer Laxman Narasimhan in a 8-K filed on 21 March, 2023.


  On March 20, 2023, Starbucks Corporation (the "Company") announced that Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.  

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Overview of STARBUCKS CORP
Leisure/Arts/Hospitality • Restaurants
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean. The Channel Development segment includes roasted whole bean and ground coffees, Seattle’s Best Coffee, and Teavana-branded single-serve products. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985, and is headquartered in Seattle, WA.
Market Cap
$105B
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STARBUCKS CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 20, 2023, Starbucks Corporation (the "Company") announced that Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023. In connection with Mr. Narasimhan's assumption of the chief executive officer role, Howard Schultz will transition from the role of interim chief executive officer. Mr. Schultz will remain as a member of the Starbucks board of directors.