Laxman Narasimhan takes over as CEO of Starbucks ahead of schedule from Schultz
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Starbucks (NASDAQ:SBUX) announced that its new CEO Laxman Narasimhan has assumed the role today and will join the companyâs board of directors.
Narasimhan was named incoming CEO on September 1, 2022, succeeding company founder and now former CEO, Howard Schultz.

Narasimhan joined the company as incoming CEO on October 1, 2022 and was expected to assume the role of CEO on April 1 of 2023.
âLaxmanâs intensive immersion into the business coupled with his extensive experience as a proven brand builder, innovator and operator have uniquely prepared him to lead Starbucks into its next phase of growth,â said Hobson.
Shares are marginally down in Monday's premarket session.
For more deep analysis on the stock, see why SA contributor Daniel SchÃ¶nberger says, "Starbucks might be slightly undervalued but it is no bargain anymore."