Who is Starbucks' new CEO: Laxman Narasimhan's net worth 2022 and facts

Who is Starbucks' new CEO: Laxman Narasimhan's net worth 2022 and facts

Starbucks has announced Laxman Narasimhan as the new CEO and member of the Board of Directors.

Narasimhan will take over Starbucks' daily operations from Howard Schultz on April 1, 2023.

He is reported to have a net worth of approximately $25.9 million as of 2022.

Upon reaching his targets, he will receive an annual salary of approximately $17.5 million at Starbucks.

Previously, Narasimhan's yearly salary with Reckitt Benckiser was $6.8 million.

Narasimhan has about 30 years of experience in managing and consulting international brands.

Reckitt Benckiser is valued at $51 billion, while Starbucks is approximately $100 billion in revenue.

As the world's largest coffee roaster and retailer, Starbucks has 34,000 locations across the globe.