Reckitt picks PepsiCo executive Laxman Narasimhan as CEO, going outside for first time
Updated : June 12, 2019 07:48 PM IST
Narasimhan, PepsiCo's global chief commercial officer, is the first external candidate to be appointed as CEO at Reckitt since the maker of Durex condoms, Nurofen tablets and Dettol cleaners was formed in 1999.
The 52-year-old takes over as CEO on September 1, replacing Rakesh Kapoor, 60, who has led Reckitt for more than eight years and said in January he would retire this year.
Analysts welcomed the appointment, saying the new CEO would inject a fresh perspective to a company facing industrywide challenges to growth, though some said it raised doubts about the fate of Reckitt's restructuring plan.
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