Starbucks’s Next CEO Laxman Narasimhan is likely to get a $17.5 Million Annual Salary

Global coffee chain Starbucks recently named Laxman Narasimhan its next Chief Executive Officer (CEO). And if reports are to be believed, Laxman Narasimhan is likely to earn about $17.5 million in annual payout if he reaches his targets. In comparison, his annual payout with Reckitt Benckiser last year was £6 million.

Reckitt Benckiser was valued at £45 billion, while Starbucks is approximately $100 billion (£87 billion) in revenue. He is scheduled to start working for Starbucks as the upcoming CEO on October 1 this year. Before formally taking over as Chief Executive Officer (CEO) and joining the board on April 1, 2023, he will work closely with interim CEO Howard Schultz. Howard Schultz, 69, will continue as interim CEO until April 2023. Schultz’s net worth is estimated at $3.4 billion.

Apart from the annual payout, Laxman Narasimhan will also receive a $1.6 million signing bonus and $9.3 million in shares , to make up for the incentives he will be forfeiting by bidding adieu to Reckitt Benckiser.

Have you read?
Best CEOs In The World, 2022.
Global Passport Ranking, 2022.
International Financial Centers Ranking, 2022.
World’s Richest People (Top Billionaires, 2022).
Economy Rankings: Largest countries by GDP, 2022.
Countries and territories with the largest population, 2022.
Top Citizenship and Residency by Investment Programs, 2022.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Email Address*

Name