Starbucks named Laxman Narasimhan as its new chief executive of consumer products, months after former boss Howard Schultz temporarily took over to lead the coffee giant through rising costs, a union push and challenges abroad.
Mr. Narasimhan, 55, announced on Thursday that he would be leaving Reckitt Benckiser Group PLC on September 30. Mr. Narasimhan has for the past three years been chief executive of UK-based Reckitt, maker of Lysol and Enfamil baby. formula, and The Wall Street Journal reported that he was in final negotiations to take an executive position at an American company.