Laxman Narasimhan is inheriting the position of Starbucks CEO with the road map largely set by Howard Schultz and other Starbucks executives, and Mr. Schultz will retain a significant role at the company
SHARE YOUR THOUGHTSMr. Narasimhan is inheriting the position with theand other Starbucks executives through a strategic plan under way, and Mr. Schultz will retain a significant role at the company as a shareholder, board member and culture keeper.
Mr. Narasimhan, who likes to drink a doppio espresso macchiato with milk on the side, said he would use part of his transition period to take 30 hours of barista training and hopes to earn one of the company’s signature green aprons. “I’m pretty worried about it,” he said about learning to become a barista, garnering laughter at the employee forum.
One of Mr. Schultz’s successors, retailer Jim Donald, exited the company after three years, with Mr. SchultzMr. Schultz stepped down as CEO again in 2017, handing over the reins to Starbucks chief operating officer and board member Kevin Johnson. After Mr. Johnson said he would retire, Mr. Schultz returned to Starbucks earlier this year when theStarbucks is expected to make changes to store operations and offer more employee perks as part of its strategic plan.Since returning, Mr.
Transitioning leadership from a founding executive to a newcomer to the company is always challenging, said Brad Karp, chairman of law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, who advises business leaders. The former chief needs to fully support his successor, including through his words and body language, he said.
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