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6/12, 8:35 AM (Source: TeleTrader)
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Reckitt Benckiser appoints new CEO

The Reckitt Benckiser Group has appointed Laxman Narasimhan as its new CEO, the company announced in a press release on Tuesday.

Narasimhan, who is currently PepsiCo Inc's chief commercial officer, will join Reckitt on July 16 as CEO-designate before taking the reins from present CEO Rakesh Kapoor on 1 September. In addition to serving as the group CEO, he will also directly lead its health business unit, the release added.

"Laxman is an outstanding leader who brings wide experience across the consumer goods sector, both operationally at scale and from his time at McKinsey. He has led complex operational businesses and inspired teams across developed and emerging markets to achieve market-leading performance," said board chairman Chris Sinclair. "This, combined with his excellent people engagement and leadership skills, gives the Board confidence that he will continue to evolve the strong culture of RB and deliver outperformance," he added.

Breaking the News / DZ