Tag: Laxman Narasimhan

Starbucks’ financial struggles led to CEO Laxman Narasimhan’s abrupt exit

Narasimhan’s efforts to turnaround decline in the same-store sales didn’t reap results, worsening the situation as the company cut guidance in April as US sales declined and China business’ growth decelerated.

Howard Schultz – Narasimhan’s predecessor and ex-CEO and founder earlier stated that Starbucks needed to reset focus and fix US operations which were the main reason for the company’s recent difficulties.

Devika Bulchandani enters the club of Indian-origin CEOs leading global companies

Bulchandani joins the long list of Indian-origin leaders at the helm of multinational conglomerates as CEOs including former Reckitt and new Starbucks CEO Laxman Narasimhan, Chanel’s Leena Nair, Twitter’s Parag Agarwal and Sundar Pichai at Google.(Images: Moneycontrol)

The Amritsar-born executive was announced as the global CEO of Ogilvy.