Welcome to First Bite, a Nation’s Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.
Today, we’re talking about Starbucks’ new CEO.
Starbucks named a new CEO after months of speculation, including our own, with predictions ranging from interim CEO Howard Schultz taking the helm permanently to Schultz remaining CEO for several more months than expected. But, right on time — or even ahead of schedule, according to some analysts — Schultz named a new permanent CEO in Laxman Narasimhan, a former PepsiCo executive. More recently, he had been serving as the CEO of a consumer nutrition company called Reckitt. Schultz will remain on at Starbucks to help Narasimhan until he takes on the role by himself on April 1, 2023. What does this new appointment mean?
We have senior editor Joanna Fantozzi to break down everything.
Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.