CURRENT AFFAIRS

Detailed explanation-1: -The coffee giant Starbucks on Thursday informed that the company has appointed its new Indian-origin Chief Executive Officer, Laxman Narasimhan . He will join Starbucks on October 1, after replacing Howard Schultz who will continue as interim chief until April 2023, according to news agency ANI.

Detailed explanation-2: -Coffee giant Starbucks has named Laxman Narasimhan, an Indian origin, as the new CEO on Thursday. The 55-year-old, who graduated from Pune University (now Savitribai Phule Pune University), is a veteran in leading and advising global consumer-facing brands.

Detailed explanation-3: -The world’s biggest coffee chain, Starbucks has appointed Indian-origin Laxman Narasimhan as its new Chief Executive Officer. The 55-year-old will replace its long time head Howard Schultz. Narasimhan will be joining the company on October 1 and will completely take over the helms in April 2023.

Detailed explanation-4: -He joined Starbucks under the title “interim CEO” in October 2022, and following the transition will succeed interim CEO Howard Schultz on April 1, 2023.

Detailed explanation-5: -Pune University Engineering graduate Laxman Narasimhan has been named as the new CEO of coffee giant Starbucks adding to the long list of Indian-origin corporates who are doing phenomenally well at various top decision-making positions across sectors globally, especially in the US.