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Reckitt Benckiser Group plc (RBGLY)

Other OTC - Other OTC Delayed Price. Currency in USD
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13.23-0.75 (-5.36%)
At close: 03:59PM EDT
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  • Reuters

    UPDATE 3-Incoming Starbucks boss to bring consumer insight to coffee culture

    Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he takes over at Starbucks. At Reckitt, maker of Strepsils throat lozenges and Dettol floor cleaner, the 55-year-old Narasimhan spearheaded a sweeping, but unfinished, corporate turnaround, while honing relationships with retailers ranging from Walmart to Tesco. When he joins Starbucks in October, Narasimhan will have to adapt his focus to serving the millions of people who step into the coffee chain's roughly 32,000 stores every day.