On Monday morning, Starbucks announced that interim CEO Howard Schultz was being replaced by Laxman Narasimhan, a move that had been in the works for months but came sooner than outside observers expected, and less than two weeks before Schultz’s appearance at a high-profile Senate committee hearing, where he’s expected to be grilled about the company’s anti-union practices.
This marks the end of Schultz’s third stint as CEO. He was hired by Starbucks in 1982 to be its marketing director and bought the company in 1987 before turning it into a global chain. He stepped down as CEO in 2000 but stayed on as the company’s chairman, and
→ Continue reading at Eater