Laxman Narasimhan became Starbucks CEO in 2023. A year later, the company ousted him, effective immediately. Brian Niccol will step in as the new leader.
Starbucks announced that it is replacing its current CEO, Laxman Narasimhan. The Seattle-based coffee company said Chipotle CEO Brian Niccol will become the new leader. Expectedly, social media has been abuzz with this announcement. Amid all the posts, there is also a month-old interview of Narasimhan, which is going viral. In the video, he is heard saying he doesn’t work past 6 pm to maintain his work-life balance.
The image shows Laxman Narasimhan, who stepped down from his position as Starbucks CEO. (File Photo)
“Starbucks CEO Laxman Narasimhan recently said that he doesn’t work past 6 pm and that if anyone at Starbucks gets a minute of his time after 6 pm they ‘better be sure that it’s important’. He was just fired today,” an X user wrote as they shared about the interview.
In an interview with Fortune Magazine, the 57-year-old discussed various subjects. When the interviewer asked about his work-life balance, he said he finishes his work by 6 pm, adding that if he stays beyond that time, it better be “very important.”
Take a look at the X post and the month-old interview here:
How did social media react?
The X post prompted people to share various comments. An individual wrote, “If you say something like this when the stock price is doing well, you sound like a genius. But if it’s not doing well… you get fired.”
Another said, “He’s worth — $25-50m. I’m sure he’ll be alright. I’d probably take my foot off the gas a little at a point too.” A third expressed, “I wonder if he was sent notice after 6 pm.”
Narasimhan stepped down from the role as CEO “with immediate effect.” He is also no longer a member of the Starbucks board. The new CEO, Niccol, will soon assume this new role. Till then, Starbucks Chief Financial Officer (CFO) Rachel Ruggeri will serve as the interim CEO.
News/Trending/ Laxman Narasimhan said he doesn’t work past 6 pm. Ex-Starbucks CEO’s 1 month old interview goes viral amid removal
