Who is Laxman Narasimhan and why Starbucks fired its CEO after a year?

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Who is Laxman Narasimhan and why Starbucks fired its CEO after a year?

Under Narasimhan’s leadership, Starbucks has struggled to maintain its market position, with the company reporting two consecutive quarters of declining comparable sales.

Laxman Narasimhan’s exit adds to the growing list of CEOs leaving their posts this year, particularly among companies in the Russell 3000 Index, which measures the performance of the 3,000 largest companies in the United States.

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Category: BusinessFinance

Markets: IndiaChinaIsraelSouth KoreaUnited States

Topics: Mellody Hobson Starbucks boycott Russell 3000 Index Starbucks earnings Starbucks leadership change CEO turnover Starbucks market challenges Reckitt Laxman Narasimhan Starbucks CEO Starbucks CEO Starbucks board of directors Israel-Palestine conflict Why was Starbucks CEO fired Starbucks CEO fired Global brands Unionisation efforts CEO departure Elliott Investment Management CEO ousted Activist investors Who is Laxman Narasimhan Declining sales PepsiCo Laxman Narasimhan Brian Niccol

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 16:07:41 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22076068

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