Dettol Maker Reckitt Benckiser's CEO Steps Down

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  • England-based consumer company Reckitt Benckiser Group Plc RBGLY RBGPF Chief Executive Officer Laxman Narasimhan will step down at the end of September.
  • Narasimhan joined the Dettol cleaning products maker in September 2019. He was the first outsider candidate to assume the role since Reckitt’s formation, Reuters reported.
  • He will be replaced by Nicandro Durante, current Senior Independent Director, who will step into the role of CEO, as the Board evaluates and selects the future leadership.
  • Durante will cease to be the Senior Independent Director and step down from the Nomination, Remuneration, and CRSEC Committees of the Board.
  • Andrew Bonfield will be appointed as Senior Independent Non-Executive Director to hold the role for an interim period until Jeremy Darroch joins the Board on November 1, 2022.
  • Price Action: RBGLY shares closed higher by 0.72% at $15.63 on Wednesday.
  • Photo Via Wikimedia Commons
Posted In: NewsManagementMediaGeneralBriefs
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