Starbucks names new CEO

Famous coffee brand Starbucks has named Laxman Narasimhan as its next CEO (chief executive officer).

Laxman Narasimhan will become Starbucks' new CEO on 1 October.

He officially takes office in April and also joins the company's board of directors.

The Reckitt Benckiser Group, where Laxman Narasimhan most recently served as CEO,

announced earlier on Thursday that Laxman Narasimhan would be stepping down.

Narasimhan's previous company, Reckitt Benckiser, was the UK manufacturer of several hygiene and wellness brands,

including Lysol, Mucinex, and Durex condoms.

In 2019, Laxman Narasimhan was named CEO of the multi-billion dollar company.

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