Starbucks new CEO Laxman Narasimhan takes his seat

Seattle (AP) --Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company's board of directors. 

Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the company searched for a new chief executive. Schultz will remain on the company's board. 

Tour of facilities