Laxman Narasimhan
Narasimhan will leverage Schultz’s store remodel initiatives and China’s reopening yet will not achieve operating margin growth at Starbucks.
While Narasimhan can produce short-term outcomes and communicate well publicly, he will disappoint Schultz and Starbucks due to his lack of humility and operational ability.
We anticipate Schultz will remove Narasimhan before FY2025 as his poor operational skills and insincere, manipulative leadership cause cultural unrest.
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