Starbucks names Laxman Narasimhan as new CEO

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Narasimhan will replace Howard Schultz, who will continue as interim chief until April of next year and will remain with Starbucks (NASDAQ:SBUX) as an adviser through 2023.

Earlier on Thursday, Reckitt Benckiser said Narasimhan will step down as the London-listed company’s CEO at the end of September.