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New Starbucks CEO Takes Reins Early From Howard Schultz

  • Outgoing Schultz says new leader has his ‘utmost confidence’
  • Narasimhan has been preparing for the role since last year
Laxman Narasimhan

Laxman Narasimhan

Photographer: Guillermo Gutierrez/Bloomberg

Updated on

Starbucks Corp. said Laxman Narasimhan has assumed the role of chief executive officer on Monday, two weeks earlier than planned.

Narasimhan, 55, has also joined the company’s board of directors, Starbucks said in a statement. He began working at the coffee giant in October and has spent the last few months getting to know the operations at more than 30 stores, manufacturing and support facilities. He also earned a barista certification.