Laxman Narasimhan Wiki, Age, Wife, Children, Family, Biography & More

by TeamAD


Laxman Narasimhan is an Indian-American business executive who has held several senior-ranking appointments at global companies such as PepsiCo, Reckitt and McKinsey & Co. According to the announcement made by Starbucks on 1 September 2022, Laxman will take over as the Chief Executive Officer (CEO) of Starbucks on 1 April 2023.

Wiki/Biography

Laxman Narasimhan was born on Saturday, 15 April 1967.age 55 years; by 2022) in Pune, Maharashtra, India. Laxman Narasimhan completed his schooling in 1984 at St Vincent Junior College and then Loyola High School, Pune. From 1984 to 1988, he earned a degree in Mechanical Engineering at the College of Engineering Pune (CoEP). From 1991 to 1993, Laxman Narasimhan did an MA in German Language and International Studies and a Master of Business Administration (MBA) in Finance from the Wharton School of the University of Pennsylvania.

Physical Appearance

Height (approx.): 5′ 9″

Hair Color: salt and pepper

Eye Colour: dark brown

Laxman Narasimhan with a colleague

family

parents and siblings

His father was a businessman, and his mother was a teacher. His father died due to illness when Laxman was pursuing his graduation in Pune. Lakshmana Narasimhan had an elder brother and an elder sister. Both died before his birth.

wife and children

Not much is known about his wife. He has two children.

Laxman Narasimhan with his family

Laxman Narasimhan with his family

Know

He lives at House No. 235, Weaver Street, Greenwich, CT 06831, USA.

career

In 1992, Laxman Narasimhan started his corporate life with an American company named McKinsey & Company. He worked for the company for nineteen years and left the organization in 2012 as its director. After leaving McKinsey & Company in 2012, Laxman Narasimhan joined PepsiCo as its Senior Vice President (SVP) and Chief Financial Officer (CFO). In 2014, Laxman Narasimhan was promoted and sent to Latin America as the CEO of PepsiCo in Latin America. He was the CEO of PepsiCo in Latin America until 2017. In 2016, Laxman Narasimhan became a member of the Board of Directors of the Brookings Institution. From July 2017 to May 2019, Laxman Narasimhan took over as the CEO of PepsiCo in Europe and Sub-Saharan Africa. In January 2018, the Nature Conservation Latin America Conservation Council (NCLCC) appointed Laxman Narasimhan as a member of its board of directors, a position he held till June 2019. In March 2019, PepsiCo appointed Laxman Narasimhan as its Global Chief Commercial Officer. Where he worked not only on the company’s sales and marketing, but also on strategies related to advertising for products manufactured and sold by PepsiCo globally. He held the position till July 2019. In July 2019, United Kingdom-based Reckitt Benckiser Group appointed Laxman Narasimhan as its Chief Executive Officer (CEO). The company made products related to health, hygiene and nutrition. Talking about joining Reckitt, Laxman said during an interview,

I come with great ambitions but also with great humility. Those ambitions include providing rapid growth and consistently outperforming by building a very strong, powerful and superior business. ,

In June 2021, Verizon, an American wireless network company, appointed Laxman Narasimhan as a member of its board of directors. After working with Reckitt as CEO for three years, in 2022, Laxman was hired by US-based coffee company Starbucks. On 1 September 2022, Starbucks announced that it had selected Laxman Narasimhan as its next CEO, who would replace Andrew Schultz on 1 April 2023; However, the company also stated that from October 1, 2022 to April 1, 2023, Laxman would work with Andrew as his advisor so that Laxman could become familiar with the workings of Starbucks. Talking about Laxman, Andrew Schultz said in an interview,

Narasimhan has nearly thirty years of experience leading and advising global consumer-facing brands. He is also known for his considerable operational expertise, and a proven track record in developing purpose-based brands. Building on the company’s history, he has been able to mobilize talent to drive future ambitions by driving consumer-centric and digital innovations. Laxman is also an inspirational leader. His in-depth, hands-on experience driving strategic transformations in global consumer-oriented businesses makes him the ideal choice for accelerating Starbucks’ growth and capturing the opportunities we face. His understanding of our culture and values, coupled with his expertise as a brand builder, innovation champion and operational leader, will make the perfect difference to Starbucks’ position for the next fifty years while creating value for all of our stakeholders. . ,

salary

As the Chief Executive Officer (CEO) of Starbucks, Laxman Narasimhan will have an annual salary of $1.3 million, which is around Rs 10 crore.

Comment: Laxman also received a cash signing bonus of $1.5 million (Rs 12 crore) and a replacement equity grant of $9.25 million (Rs 73 crore).

net worth

According to multiple sources, Laxman Narasimhan has a net worth of around $25 million as of 2018.

Facts / Trivia

  • According to Laxman Narasimhan, in 2021, working as Reckitt’s CEO, just a day before giving a presentation on the potential multi-billion dollar sale of Reckitt’s baby formula to the company’s customers, he broke his ribs. . and shoulder after falling from the stairs of his house after which Laxman was admitted to the hospital and underwent emergency surgery. Laxman also said that despite injuries and surgeries, he was able to give presentations to clients for four consecutive hours and even answer clients’ questions with a few hours of rest after the surgery. Talking about this, during an interview Laxman said,

    The doctor said it looked like I was in a very serious car accident, I arrived home at about 6 a.m. after an emergency operation in the small hours and I had about four hours to lay on the couch. Back-to-back presentations and Q&A as with employees, investors as well as the media. ,

  • Not only has Laxman Narasimhan worked with several global corporate organisations, he has also served as a member of several British government councils such as the Council on Foreign Relations and the Prime Minister’s Build Back Better Council.
  • Laxman Narasimhan is proficient in five languages. He can speak German, English, Hindi, Spanish and Marathi fluently. According to Laxman, when he lived in Latin America while working as PepsiCo’s CEO, he started learning and practicing Spanish over the weekend.
  • According to Mukul Sutaon, a friend of Laxman Narasimhan, Laxman is a batchmate of Rajiv Bajaj, the managing director of Bajaj. The two studied together at the College of Engineering Pune (CoEP).



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