LOCAL NEWS

Starbucks announces CEO successor to Howard Schultz

Sep 1, 2022, 2:14 PM
CEO...
Photo from Flickr

Starbucks has announced that Laxman Narasimhan will be taking over as CEO from current interim CEO Howard Schultz.

Currently set to take over in April of 2023, the 55-year-old Indian American businessman has previously been the CEO of consumer goods company Reckitt Benckiser and the CCO of PepsiCo.

Starbucks announces plans to find new CEO from outside the company

“Laxman is an inspiring leader. His deep, hands-on experience driving strategic transformations at global consumer-facing businesses makes him the ideal choice to accelerate Starbucks’ growth and capture the opportunities ahead of us,” said Mellody Hobson, chair of the Independent Starbucks Board of Directors. “His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion, and operational leader will be true differentiators as we position Starbucks for the next 50 years.”

Schultz has been the interim CEO of Starbucks since taking over from Kevin Johnson, who resigned in March. Schultz has been the highest-ranking executive twice in the past, once from 1986 until 2000 and again from 2008 to 2017.

Narasimhan will be taking over during a tumultuous time in the coffee giant’s history, with a growing unionization effort in locations across the country, record inflation, and global supply chain problems.

Currently, the regional office of the National Labor Relations Board says Starbucks is violating U.S. labor law by withholding pay hikes and other benefits from stores that have voted to unionize.

“I look forward to working closely with Howard, the Board, and the entire leadership team – and to listening and learning from Starbucks partners – as we collectively build on this work to lead the company into its next chapter of growth and impact,” Narasimhan said in a statement after the announcement.

Local News

(Photo courtesy of KIRO 7)...
Nicole Jennings

Skykomish businesses staying open amidst Bolt Creek Fire

Between evacuations and repeated closures of Highway 2, the Bolt Creek Fire has created a challenge for small businesses in Skykomish.
1 day ago
Harrell...
MyNorthwest Staff

Seattle Mayor Bruce Harrell introduces $7.4 billion biennial budget

Mayor Bruce Harrell unveiled a new budget that plans to address homelessness, rising crime rates, and increase funding for transportation infrastructure.
1 day ago
Iran Protest...
Gee Scott and Ursula Reutin Show

Local business owner urges immediate action after death of Iranian woman

On Sunday evening the death of Mahsa Amini earlier this month at the hands of the Iranian police sparked protests 6,600 miles away in Bellevue.
1 day ago
sunshine...
Meteorologist Nick Allard, KIRO 7 News

Hazy sunshine with reduced air quality in some areas

Friday through next weekend will be mainly sunny and warm with highs in the 70s. Nice start to October as summer tries to hang on one more weekend!
1 day ago
kraken...
Frank Sumrall

New Seattle Kraken mascot to be announced on Saturday

The Kraken did not have a mascot last year, joining the New York Rangers as the only mascot-less franchises.
1 day ago
IG: @hilareenelson...
Shawn Garrett, KIRO 7 News

Mountaineer and Seattle-native Hilaree Nelson missing in Nepal

Hilaree Nelson, a ski mountaineer and the first woman to summit Everest and Lhotse in one 24-hour push, is missing after apparently falling into a crevasse in Nepal, according to The New York Times.
1 day ago

Sponsored Articles

Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.
...

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!
...

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
Starbucks announces CEO successor to Howard Schultz