Starbucks CEO: Anand Mahindra hails appointment of Laxman Narasimhan as Starbucks CEO, says trickle of water turned into tsunami

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Global coffee giant Starbucks has named Indian-born Laxman Narasimhan, a veteran of PepsiCo and other mainstream brands, as its next CEO. He will join the company’s board of directors, Starbucks said.

Narasimhan joined the growing cohort of Indian-born business leaders such as Parag Agrawal, Leena Nair, Satya Nadella and Sundar Pichai who are currently leading multinational corporations.

Business tycoon Anand Mahindra applauded the good news, calling the appointment of Indian-born CEOs an “unstoppable trend”.

On Friday, the company’s 67-year-old chairman took to his Twitter account to share his pride at Narasimhan’s appointment as Starbucks’ new CEO.

“What started out as a trickle turned into a tsunami. The appointment of Indian-born CEOs to the world’s most iconic companies is now an unstoppable trend,” Mahindra wrote on Twitter , where it boasts a massive list of over 9.5 million users. .

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Narasimhan, 55, was previously CEO of Reckitt Benckiser, a UK-based multinational health, hygiene and nutrition company.

Mahindra further noted that the reason Indian-born bosses take over is because most international boards see them as “safe” bets.

“International boards see them as almost ‘safe’ leadership bets,” the billionaire said.

Narasimhan will join Starbucks as incoming CEO on October 1, 2022 after relocating from London to the Seattle area and will work closely with interim CEO Howard Schultz before assuming the leadership role and joining the board. administration on April 1, 2023.


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