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Starbucks' New CEO Is Relocating From London

Starbucks has named Laxman Narasimhan as CEO, effective Oct. 1. Narasimhan, who is relocating to Seattle from London, will work closely with interim chief Howard Schultz before taking the reins and joining the board on April 1. He previously served as the CEO of Reckitt, a multinational consumer health, hygiene and nutrition company, and also held leadership roles at PepsiCo, including as global chief commercial officer, where he was responsible for the company’s long-term strategy and digital capabilities.  

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