Watch CNBC's full interview with Starbucks founder Howard Schultz and incoming CEO Laxman Narasimhan

Starbucks founder Howard Schultz and incoming CEO Laxman Narasimhan sit with CNBC's Andrew Ross Sorkin in Seattle to discuss how the coffee chain picked Narasimhan to lead the company. The pair also discusses how the company is navigating higher costs and unionization efforts. "I am never coming back again because we found the right person," Schultz tells CNBC.