Lakshman Narasimhan is an Indian-American business executive who has held several senior positions in global companies such as PepsiCo, Reckitt and McKinsey & Company. Laxman came into limelight after taking over as the CEO of Starbucks.
Contents
Wiki/Biography
Laxman Narasimhan was born on Saturday, 15 April 1967 (age 55 years; as in 2022) in Pune, Maharashtra, India. Laxman Narasimhan completed his schooling from St. Vincent’s Junior College and then from Loyola High School, Pune in 1984. From 1984 to 1988, he pursued a degree in mechanical engineering from the College of Engineering Pune (COEP). From 1991 to 1993, Lakshman Narasimhan pursued an MA in German Language and International Studies and a Master of Business Administration (MBA) in Finance at the Wharton School of the University of Pennsylvania.
Physical Appearance
Height (Approx): 5′ 9″
Hair Color: Salt and Pepper
Eye colour: dark brown
Family
parents and siblings
His father was a businessman, and his mother was a teacher. When Laxman was pursuing his graduation in Pune, his father died due to illness. Lakshman Narasimhan had an elder brother and an elder sister. Both of them died before he was born.
wife and children
There is not much information about his wife. He has two children.
Laxman Narasimhan with his family
Address
He lives at House No. 235, Weaver Street, Greenwich, CT 06831, United States.
livelihood
In 1992, Lakshman Narasimhan started his corporate career with an American company named McKinsey & Company. He worked for the company for nineteen years and left the organization as its director in 2012. After leaving McKinsey & Company in 2012, Lakshman Narasimhan joined PepsiCo as its Senior Vice President (SVP) and Chief Financial Officer (CFO). In 2014, Lakshman Narasimhan was promoted and sent to Latin America as CEO of PepsiCo in Latin America. He was the CEO of PepsiCo in Latin America until 2017. In 2016, Lakshman Narasimhan became a member of the board of directors of the Brookings Institution. From July 2017 to May 2019, Lakshman Narasimhan held the position of CEO of PepsiCo in Europe and Sub-Saharan Africa. In January 2018, The Nature Conservancy Latin America Conservation Council (NCLACC) appointed Lakshman Narasimhan as a member of its board of directors, where he holds the appointment until June 2019. In March 2019, PepsiCo appointed Laxman Narasimhan as its global chief commercial officer. Where he not only worked on the company’s sales and marketing but also created advertising strategies for the products manufactured and sold by PepsiCo globally. He remained in this post till July 2019. In July 2019, United Kingdom-based Reckitt Benckiser Group appointed Lakshman Narasimhan as its chief executive officer (CEO). The company manufactured products related to health, hygiene and nutrition. Talking about joining Reckitt, Laxman said during an interview,
I come with very big ambitions but also with great humility. Those ambitions include delivering faster growth and sustained superior performance by building a much stronger, more powerful and better business.
In June 2021, American wireless network company Verizon appointed Lakshman Narasimhan as a member of its board of directors. In 2022, Laxman was hired by US-based coffee company Starbucks, after working as CEO for three years with Reckitt. On September 1, 2022, Starbucks announced that they had selected Laxman Narasimhan as their next CEO, replacing Andrew Schultz on April 1, 2023; However, the company also said that Laxman will work with Andrew as his advisor from October 1, 2022 to April 1, 2023 so that Laxman can become familiar with the workings of Starbucks. Andrew Schultz while talking about Laxman in an interview said,
Narasimhan has nearly thirty years of experience leading and advising global consumer-facing brands. He is also known for his remarkable operational expertise and has a proven track record in developing purpose-led brands. Building on the companies’ history, he has been successful in uniting talent to deliver on future ambitions by driving consumer-centric and digital innovations. Laxman is also an inspirational leader. His deep, hands-on experience in driving strategic change in global consumer-facing businesses makes him the ideal choice to accelerate Starbucks’ growth and capitalize on the opportunities ahead of us. His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion and operational leader, will be a real differentiator as we position Starbucks for the next fifty years, creating value for all our stakeholders. Will do.
Laxman became the CEO of Starbucks on March 21, 2023, i.e. 11 days before the announced date of his ascension.
Salary
As the Chief Executive Officer (CEO) of Starbucks, Laxman Narasimhan’s annual salary will be $1.3 million i.e. approximately Rs 10 crore.
Note: Laxman also received a cash signing bonus of $1.5 million (Rs 12 crore) and replacement equity grant of $9.25 million (Rs 73 crore).
net worth
According to multiple sources, Laxman Narasimhan’s net worth is around $25 million as of 2018.
Facts/General Knowledge
- According to Lakshman Narasimhan, in 2021, while serving as CEO of Reckitt, he broke his ribs just one day before giving a presentation on the potential multibillion-dollar sale of Reckitt’s baby formula to the company’s customers. and shoulder after falling down the stairs of his house, after which Lakshman was admitted to the hospital and underwent emergency surgery. Laxman also said that despite the injuries and surgery, he was able to give presentations to customers for four hours continuously and also answer customers’ questions with a few hours of rest after the surgery. Talking about this, Laxman said during an interview,
The doctor said I felt like I’d been in a very serious car accident. I got home around 6 a.m. after an emergency operation and I barely had enough time to lie down on the couch before the four-hour surgery began. had time. Back-to-back presentations and Q&A with employees, investors as well as the media.
- Lakshman Narasimhan has not only worked with several global corporate organisations, but he has also served as a member of several British government councils such as the Council of Foreign Relations and the Prime Minister’s Build Back Better Council.
- Laxman Narasimhan is well-versed in five languages. He can speak fluent German, English, Hindi, Spanish and Marathi. According to Laxman, when he lived in Latin America while working as CEO of PepsiCo, he started learning and practicing Spanish on the weekends.
- According to Laxman Narasimhan’s friend Mukul Sutaone, Laxman is the batchmate of Bajaj’s managing director Rajiv Bajaj. They both studied together in College of Engineering Pune (COEP).
Categories: Biography
Source: vcmp.edu.vn