Starbucks Names Laxman Narasimhan New CEO

Starbucks named as its new CEO consumer merchandise govt Laxman Narasimhan, months after former head Howard Schultz briefly took over to steer the espresso massive through rising prices, a unionization push and challenges overseas.

Mr. Narasimhan, fifty five years previous, on Thursday introduced he would step down from Reckitt Benckiser Group PLC on Sept. 30. Mr. Narasimhan for the previous three years has served as chief govt of U.okay.-based mostly Reckitt, maker of Lysol and Enfamil little one components, and The Wall avenue Journal reported that he was in closing negotiations to take a senior function at a U.S. agency.