Laxman Narasimhan is recorded as Board Member at Starbucks Corp (SBUX) since March 21, 2023 and CEO at Starbucks Corp (SBUX). Starbucks Corp reported in an 8-K filed March 21, 2023 that Laxman Narasimhan was appointed chief executive officer, effective March 20, 2023. Starbucks Corp reported in an 8-K filed September 1, 2022 that Laxman Narasimhan was appointed Board of Directors. Starbucks Corp reported in an 8-K filed September 1, 2022 that Laxman Narasimhan was appointed chief executive officer, effective April 1, 2023. Equibles holds 4 filed executive changes naming Laxman Narasimhan; each is listed under recent activity with its source filing. The proxy statement of Starbucks Corp reports total compensation of $8,793,825 for Laxman Narasimhan in fiscal 2022. Laxman Narasimhan has spoken on 5 earnings calls across 1 company, most recently for Starbucks Corp on April 30, 2024. Starbucks Corp is classified in the Restaurants industry within the Consumer Cyclical sector. Other leadership on record at Starbucks Corp includes Rachel Ruggeri (CEO and Chief Accounting Officer), Brian Niccol (Chairman), Mellody Hobson (Chairman and Board Member) and 7 others.
“On March 20, 2023, Starbucks Corporation (the "Company") announced that Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.”
Starbucks Corp Form 8-K, filed March 21, 2023
· Read the filing
“Upon elevation to chief executive officer, Mr. Narasimhan will also be appointed to the Board and will be nominated for election to the Board at the following meetings of Company shareholders.”
Starbucks Corp Form 8-K, filed September 1, 2022
· Read the filing
Laxman Narasimhan on recent calls
“Our performance this quarter was disappointing and did not meet our expectations. Our Q2 total company revenue was $8.6 billion, down 1% year-over-year.”
“I will start by sharing an overview of our business performance in our first quarter of fiscal 2024. I will then turn it over to Rachel Ruggeri to walk through the detailed segment results.”
“Thank you in advance to those who will join us this afternoon where we will share an update on our long-term strategies and celebrate the launch of a holiday at Starbucks.”
“In a few moments, Rachel Ruggeri will walk you through the detailed results of the third quarter, and Belinda Wong would then join us for Q&A. To start, our strong third quarter results point to all-around momentum in the business.”
“It's both a great privilege and responsibility to serve as Starbucks CEO. On behalf of the Board of Directors and our Starbucks partners, I'd like to thank Howard Schultz for his leadership of the company over the last year.”
