International

Laxman Narasimhan Is Starbucks’s New CEO

Starbucks

Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. The 55-years-old, Indian man has served as chief executive of the maker of Lysol and Enfamil baby formula, UK-based Reckitt Benckiser Group PLC.

Washington: The coffee giant Starbucks on Thursday (local time) named Indian-origin Laxman Narasimhan as its new Chief Executive Officer.

Narasimhan will join Starbucks on October 1, replacing Howard Schultz, who will continue as interim chief until April 2023. The 55-years-old, Indian man has served as chief executive of the maker of Lysol and Enfamil baby formula, UK-based Reckitt Benckiser Group PLC.

“We really do believe that we have found an exceptional individual to be our next CEO. He’s a tested leader,” Starbucks board chairwoman Mellody Hobson said, The Wall Street Journal reported.
He will relocate from London to the Seattle area and join Starbucks as incoming CEO on October 1, the company said.

Explaining further Hobson said that Starbucks’s board asked Schultz to remain as interim CEO until April 2023 to assist Narasimhan. Narasimhan will assume the CEO role and join the company’s board on April 1, as per The Wall Street Journal.

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As per the report, Narasimhan will take over the world’s largest coffee chain in a number of locations and sales as it navigates a changing business landscape.
Earlier, Reckitt Benckiser informed that its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Politics

“Opposition Parties Will Come Together And Then Finalise”: KCR On PM Face For 2024

ANI
KCR

While KCR is engaged in answering the question, Nitish Kumar urged him to dismiss such questions.

Patna: Telangana Chief Minister K Chandrashekar Rao (KCR) on Thursday avoided giving a direct response to a question about whether Bihar Chief Minister Nitish Kumar will run as the opposition’s candidate for Prime Minister, saying that the opposition parties would meet and make that decision.

While talking to the media during his visit to Bihar, KCR was asked whether Bihar CM Nitish Kumar will be the next PM candidate for the opposition. He dodged the straight response and said that all the opposition parties will come together and then finalize the PM candidate.

In a press conference, it could be seen that while KCR is engaged in answering the question, Nitish Kumar urged him to dismiss such questions. When Nitish Kumar was ready to leave, KCR continued urging, “Aap Baithiye” (please sit), but Nitish kept insisting, “Aap Chaliye Na” (let’s go).

Meanwhile, in response to the meeting between KCR and Nitish, BJP leader Amit Malviya said it was KCR who got insulted.”Did KCR travel to Patna to get insulted like this? Nitish Kumar didn’t even accord him the basic courtesy of completing his point in a press interaction. Nitish was dismissive of KCR’s pleas to let him finish. But then that is Nitish Kumar. Self-conceited. KCR asked for it…,” he said in his tweet.

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Sushil Kumar Modi also responded to the meeting and said that KCR is not excepting Nitish Kumar as a PM candidate. In conversation with ANI Sushil Modi said, “KCR didn’t even accept Nitish Kumar as a PM candidate and outrightly denied it. Nitish Kumar tried to walk out of a presser when they were asked about it though KCR tried to make him sit many times.”

BJP Leader while targeting KCR and Nitish said that those whose own CM seats are not safe are dreaming about being PM. It’s better for KCR to save his CM seat in the upcoming Telangana polls.
Rao visited Bihar on Wednesday to meet Kumar and Deputy Chief Minister Tejashwi Yadav to discuss national politics.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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