---
schema_version: "secwatch.filing_event.v1"
accession: "0000829224-23-000022"
form_type: "8-K"
ticker: "SBUX"
cik: "0000829224"
company_name: "STARBUCKS CORP"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:41:36.184860+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000829224-23-000022
- form_type: 8-K
- ticker: SBUX
- cik: 0000829224
- company_name: STARBUCKS CORP
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/0000829224-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/sbux-20230320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829224-23-000022
- JSON: https://secwatch.observer/filing/0000829224-23-000022.json
- Plain text: https://secwatch.observer/filing/0000829224-23-000022.txt

## Key facts
- Executive change
  Howard Schultz changed role as interim chief executive officer at STARBUCKS CORP.
  - Action: transitioned
  - Role: interim chief executive officer
  source text: Howard Schultz will transition from the role of interim chief executive officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/0000829224-23-000022-index.htm
- Executive change
  Laxman Narasimhan was appointed as chief executive officer at STARBUCKS CORP.
  - Action: assumed
  - Role: chief executive officer
  source text: Laxman Narasimhan has assumed the role of chief executive officer, effective March 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/829224/000082922423000022/0000829224-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.