Business
RB CEO Announcement
RB CEO Announcement.
About this update from Reckitt Benckiser Group Plc
[{"type":"text","content":"\n \nRNS Number : 9297B Reckitt Benckiser Group PLC 12 June 2019 \n\n12 June 2019\nRB Announces Laxman Narasimhan as Chief Executive Officer\n \nThis announcement contains inside information\nReckitt Benckiser Group plc (RB) today announces the appointment of Laxman Narasimhan as Chief Executive Officer to succeed Rakesh Kapoor. He will join the Company as CEO-designate and be appointed to the Board as an Executive Director effective 16 July 2019. He will become Group CEO with effect from 1 September 2019.\nLaxman joins RB from PepsiCo where he is currently the Global Chief Commercial Officer responsible for PepsiCo's integrated long-term growth strategy. He has been a member of the PepsiCo executive committee for the last four years reporting to the Chairman and Chief Executive. He leads Strategy, Global Category Groups, Global R&D and is implementing an advanced digital capability across the PepsiCo business.\nLaxman will serve as Group Chief Executive Officer at RB, while also directly leading the Health Business Unit.\nChris Sinclair, Chairman of the Board, commented:\n\"The Board is delighted to have appointed Laxman as our new Chief Executive Officer after a thorough and rigorous global selection process from a strong bench of internal and external candidates.\nThe Board prioritised four main criteria in its selection process:\n- Demonstrated operational leadership at scale and cultural fit\n- Strong consumer orientation and relevant experience in our categories\n- Strategic capability to lead the business into the next decade under RB2.0\n- Commitment to our purpose and corporate responsibility\nLaxman 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.\nLaxman has exceptional strategic capabilities and consumer insight with a proven track record in developing purpose-led brands and driving consumer centric and digital innovation. This, combined with his excellent people engagement and leadership skills, gives the Board confidence that he will contin...