Starbucks, Appoints New CEO.<br />CNN reports Laxman Narasimhan <br />will be the next CEO of Starbucks.<br />After joining the coffee chain on Oct. 1, <br />he will officially take over as CEO in April.<br />He will also join the board of directors.<br />Narasimhan most recently served as CEO of the Reckitt Benckiser Group, a multinational consumer goods company.<br />Howard Schultz will remain interim CEO <br />of Starbucks amid the transition.<br />He will also <br />stay on the board.<br />CNN reports that on Sept. 1, Schultz shared his confidence in Narasimhan to be able to lead the company during a turbulent time.<br />CNN reports that on Sept. 1, Schultz shared his confidence in Narasimhan to be able to lead the company during a turbulent time.<br />He is a strategic and transformational leader with deep experience in building powerful consumer brands. He is the leader we were looking for, Howard Schultz, via statement.<br />Mellody Hobson, independent chair <br />of the Starbucks board, said that , Narasimhan's “deep, hands-on experience driving <br />strategic transformations at global consumer-facing businesses makes him the ideal choice.”.<br />Prior to joining Reckitt Benckiser, <br />Narasimhan was global chief <br />commercial officer for PepsiCo
