Laxman Narasimhan is a prominent Indian-American executive known for his leadership as the former CEO of Starbucks. Recently, he has been in the spotlight following the announcement of his replacement as CEO of Starbucks. Brian Niccol, who is presently the CEO of Chipotle, is set to take on this position. This transition marks a notable change for the Seattle-based coffee company and has attracted considerable attention across all social media platforms.
This has led his followers to speculate and are increasingly interested in his earnings and the extent of his overall net worth.
What is Laxman Narasimhan’s net worth in 2024?
Laxman Narasimhan has an estimated net worth of $22-25 million in 2024.
Laxman Narasimhan’s net worth in 2024 consists of earnings from being the CEO of Starbucks. According to reports, he took home a hefty paycheck from his role. According to the Securities and Exchange Commission, his base salary starts at $1.3 million per year. Also, as the CEO and Director of Reckitt Benckiser Plc, he receives remuneration from the Reckitt Salary, amounting to a total compensation of $4,598,620.
Narasimhan is most famous for also being the CCO of PepsiCo earlier. He currently holds approximately 130,135 shares of PepsiCo Inc (PEP) stock, valued at more than $22 million.
What does Laxman Narasimhan do for a living?
Laxman Narasimhan is a business executive with over 30 years of experience so far. He’s well known as a leader and adviser to global consumer-facing brands.
Most recently, Laxman Narasimhan was in the headlines due to his abrupt resignation from his position at Starbucks. He has been requested to step down from the Starbucks board. In the interim, Niccol, the company’s CFO, will assume leadership responsibilities, while Rachel Ruggeri will act as the interim CEO. Media sources suggest that this announcement may be linked to his past interview with Fortune Magazine, during which Narasimhan discussed his perspective on work-life balance, indicating that he typically doesn’t work beyond 6 pm.
Laxman Narasimhan’s earnings explained — how does he make money?
Laxman Narasimhan earns money from earlier being the CEO of Starbucks and Reckitt. He also makes money from his past and present investments in stock in companies like PepsiCo.
Narasimhan, a 57-year-old living in Greenwich, Connecticut, holds an MBA in Finance from The Wharton School at the University of Pennsylvania. He is well-known for his impactful work at Starbucks, where he introduced groundbreaking strategies that optimized the brand’s supply chain and streamlined store operations under his leadership. He also took on the role of CEO, managing operations across Latin America, Europe, and Sub-Saharan Africa, where he oversaw the company’s food and beverage divisions in these areas. Furthermore, he has experience as a Director at McKinsey & Company.
