Starbucks Corp Choose Laxman Narasimhan

Starbucks Corp Appointed Laxman Narasimhan Its CEO For This Reason

Laxman Narasimhan holds the reigns of beleaguered Starbucks Corp. He is named the next chief executive officer and he is expected to undertake a “reinvention” of the world’s biggest coffee chain.

HIGHLIGHTS

• Laxman Narasimhan has resigned from Reckitt to join Starbucks Corp
• Starbucks is facing a turbulent due to the business slowdown in China
• Mr. Narasimhan will utilize his experience in executing a reinvention plan for Starbucks

Who Is Laxman Narasimhan?

Laxman Narasimhan was previously associated with PepsiCo as its global chief commercial officer. He joined Reckitt as CEO in September 2019 and earned plaudits from Reckitt investors. His management style helped revitalize the company after a sales slump. His departure from Reckitt which makes Durex condoms, Enfamil baby formula, and Mucinex cold syrup resulted in a 4% fall in FTSE-listed Reckitt’s shares.

Why did Starbucks Corp Choose Laxman Narasimhan?

Starbucks Corp Choose Laxman Narasimhan

Starbucks is looking for a CEO who can execute its reinvention plan and Laxman Narasimhan is credited with revitalizing the maker of Lysol disinfectants. He led Reckitt through the pandemic by boosting its sales. Also, Mr. Narasimhan was instrumental in navigating a baby formula crisis in the United States, culminating in a raise in the annual forecast … Read the rest

Jacqueline Fernandez Receive From Sukesh Chandrashekhar

Jacqueline Fernandez Enjoyed Proceeds Of Crime From Conman Sukesh

Enforcement Directorate (ED) investigating the money trail in a ₹ 200 crore extortion case against the conman Sukesh Chandrashekhar said Jacqueline Fernandez knew about the criminal antecedents of the conman and that she “cooked up a false story” to wriggle out of investigations.

HIGHLIGHTS

• Jacqueline Fernandez continued to indulge in financial transactions with Sukesh Chandrashekhar despite knowing his criminal past
• The actress didn’t disclose that the conman gifted cars to her parents
• She also wiped her phone clean to delete any evidence related to Sukesh

What Did Enforcement Directorate Say About Jacqueline Fernandez?

The ED found that Jacqueline Fernandez was well aware of the criminal history of conman Sukesh Chandrashekhar. She knew that he was lodged in Tihar Jail and that he was married. The ED claimed that hair stylist Shaan informed her that Sukesh was married to Leena Maria Paul in February 2021.

The ED claimed Jacqueline Fernandez overlooked the criminal antecedents of Sukesh Chandrashekhar and even lied to the agency that she never knew about Sukesh. She enjoyed the proceeds of the crime as financial benefits from the conman.

The agency further said the conman gifted two cars to Jacqueline’s parents but the actress didn’t … Read the rest