Brian Niccol to serve as new Starbucks CEO
Narasimhan steps down as chief executive and as a member of the Starbucks board "with immediate effect," said the company on Tuesday in a statement.
Narasimhan steps down as chief executive and as a member of the Starbucks board "with immediate effect," said the company on Tuesday in a statement.
In a statement, the global coffee giant said it wants to operate 1,000 stores in India by 2028, and the focus will be in so-called tier-2 and tier-3 cities.
Working for 19 years at various positions for Mckinsey, Narasimhan finally left the company in 2012 and joined Pepsico.
The 55-years-old, Indian man has served as chief executive of the maker of Lysol and Enfamil baby formula, UK-based Reckitt Benckiser Group PLC.
As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the US.
"This collaboration will make it convenient for customers to enjoy their favourite Starbucks coffee with thoughtfully curated merchandise and accessories that elevate their life."
Xi urged the multi-billionaire to "continue to play an active role in promoting China-US economic and trade cooperation", the official Xinhua news agency said.
Amid an intense national debate over racism and frequent eruptions of ugly, hate-filled speech on social media, Starbucks thus followed the lead of other big corporations like Unilever and Coca-Cola, which announced similar pauses on Friday.
Siddhartha’s CCDs might have become an Indian version blended with that philosophy.
Move comes after US non-profit group Enough is Enough condemns Starbucks for going back on a 2016 promise to block pornographic content on its WiFI service and starts signature campaign to mount pressure on the coffee giant
