Laxman Narasimhan assumes Starbucks CEO role; Howard Schultz transitions from interim CEO

STARBUCKS CORP

Narasimhan officially became CEO and joined the board on March 20, 2023, after a five-month immersion.
Howard Schultz steps down as interim CEO but remains a member of the Starbucks board of directors.
Narasimhan was named incoming CEO on Sept 1, 2022; he joined Starbucks on Oct 1, 2022 for immersion.
Since Schultz's return in April 2022, stock rose 47% and market cap increased ~$40B through Q1 FY23.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Howard Schultz

interim chief executive officer

SBUX · STARBUCKS CORP

Effective: 2023-03-20
Successor: Laxman Narasimhan
Filed: March 21, 2023, 7:59 PM ET

Howard Schultz will transition from the role of interim chief executive officer.

Appointed

Laxman Narasimhan

chief executive officer

SBUX · STARBUCKS CORP

Effective: 2023-03-20
Filed: March 21, 2023, 7:59 PM ET

Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Howard Schultz changed role as interim chief executive officer at STARBUCKS CORP.

Action: transitioned
Role: interim chief executive officer

Exact text from the filing

Howard Schultz will transition from the role of interim chief executive officer.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Laxman Narasimhan was appointed as chief executive officer at STARBUCKS CORP.

Action: assumed
Role: chief executive officer

Exact text from the filing

Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.

View on SEC.gov

STARBUCKS CORP filing history →

Source: SEC EDGAR

accession 0000829224-23-000022

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