Ousted: Starbucks boss Laxman Narasimhan
The boss of Starbucks has been ousted after less than two years as sales fall and customers boycott the coffee chain over perceived ties to Israel.
Laxman Narasimhan – the former chief executive of British consumer goods giant Reckitt Benckiser before joining Starbucks in March 2023 – left yesterday with immediate effect.
He will be replaced by Brian Niccol, the boss of Chipotle who has been praised for turning around the Mexican chain’s fortunes.
The shake-up follows a period of falling sales and a row over its alleged links to Israel amid the war in Gaza.
The board finally acted after coming under fire from activist investor Elliott Management and former boss Howard Schultz.
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