In 2023, Starbucks welcomed Laxman Narasimhan as its new CEO, a move that garnered attention in the business world, check out his salary and net worth
In the ever-evolving landscape of global business, leaders often emerge with unique stories of perseverance and accomplishment. One such individual is Laxman Narasimhan who recently assumed the role of Chief Executive Officer at Starbucks.
Who is Starbucks CEO Laxman Narasimhan amid boycott calls, net worth, salary, wife, education, biography and citizenship
As Howard Schultz steps down as CEO of @Starbucks we have a message for new boss Laxman Narasimhan in solidarity with @SBWorkersUnited and as part of @IUFglobal day of action: #StickItToStarbucks #FastFoodGlobal pic.twitter.com/Dbwy2bb93q
— Unite Hospitality (@FairHospitality) April 11, 2023
Today our supporters and allies are standing up and telling Starbucks’ new CEO Laxman Narasimhan to end Starbucks’ unprecedented union-busting campaign and come to the table in good faith! Together, we’re going to #StickItToStarbucks
— Starbucks Workers United (@SBWorkersUnited) April 11, 2023
He recently revealed, ‘The Doppio Espresso Macchiato, served with hot milk on the side—ideally skim—is my favorite beverage at Starbucks. I use it to mimic the flavor of South Indian coffee while I’m in the US.’
56-year-old Laxman Narasimhan was born in 1967 and raised in Pune, India. His early life was shaped by adversity. His siblings passed away during his childhood, and his father’s business supplying mechanical parts to the US faced challenges.
Narasimhan’s dedication paved the way for scholarships and multiple jobs, propelling him towards education outside of India.
Narasimhan’s educational background is a testament to his commitment to excellence. Armed with a bachelor’s degree in Mechanical Engineering from the College of Engineering Pune. He furthered his studies with a master’s in German and International Studies from the Lauder Institute at the University of Pennsylvania.
His pursuit of knowledge continued at the Wharton School, where he earned an MBA in Finance. He and his wife Vidhya, have two children and live in Greenwich, Connecticut. Narasimhan, a US Citizen is also a member of the Starbucks board of directors.
According to the Securities and Exchange Commission filings from September, Narasimhan will start with a base salary of $1.3 million per year.
Laxman Narasimhan career
The journey of Laxman Narasimhan began at McKinsey & Company where he spent an impressive nineteen years working across diverse sectors including healthcare, energy, retail, technology, and manufacturing. This extensive experience equipped him with a multifaceted understanding of global business dynamics.
In a strategic move, Narasimhan transitioned to PepsiCo, assuming the role of Chief Commercial Officer. His tenure at PepsiCo showcased his ability to navigate the complexities of the beverage and food industry. It was during this time that he honed his leadership skills, contributing to the company’s growth and success.
Beyond his corporate responsibilities, Laxman Narasimhan is deeply involved in various organizations. As a Trustee of the Brookings Institution and a member of the Council on Foreign Relations, he actively participates in shaping dialogues on global issues. Additionally, his role as an Advisory Board member of the Jay H. Baker Retailing Center at the Wharton School reflects his commitment to supporting educational initiatives.
As Laxman Narasimhan takes the helm at Starbucks, his disciplined routine and diverse background position him as a leader with a global perspective. His journey from a challenging childhood in Pune to the pinnacle of corporate leadership is a testament to resilience and hard work.
Laxman Narasimhan’s net worth
With a net worth of around $23 million as of 2023, Narasimhan’s journey is marked by diverse experiences across multiple industries.