New Starbucks CEO Laxman Narasimhan takes over nearly two weeks earlier than expected
Publishing timestamp: 2023-03-20 08:29:07
Summary
Laxman Narasimhan has officially become CEO of Starbucks, nearly two weeks earlier than expected. He will lead the company's annual shareholder meeting on Thursday, marking his first public address as CEO. Former CEO Howard Schultz is still expected to testify in front of a Senate panel on March 29 about the company's alleged union-busting activity. Despite stepping down earlier than anticipated, Schultz is still facing pressure from investors to ensure he never returns as CEO. Shareholders will vote on a proposal from SOC Investment Group that would require Starbucks' board to start succession planning at least three years in advance.
Sentiment: NEUTRAL
Keywords: restaurants, howard schultz, starbucks corp, business, retail industry, business news, breaking news: business,
Source: https://www.cnbc.com/2023/03/20/starbucks-ceo-laxman-narasimhan-howard-schultz.html