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Name | Symbol | Market | Type |
---|---|---|---|
Reckitt Benckiser PLC (PK) | USOTC:RBGLY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -1.75% | 11.22 | 11.12 | 11.29 | 11.24 | 11.15 | 11.1999 | 366,946 | 21:14:29 |
By Michael Susin
Reckitt Benckiser Group PLC said Thursday that Chief Executive Officer Laxman Narasimhan has decided to step down with effect from Sept. 30.
The consumer-goods company--which houses Dettol, Harpic and Durex among its brands--said Senior Independent Director Nicandro Durante will be CEO in the interim until the board finds a successor.
Mr. Durante has served as CEO of British American Tobacco PLC over a nine-year period and is familiar with the strategy and direction of Reckitt Benckiser, the company said.
The company added Mr. Durante will receive a salary of 1.1 million pounds ($1.3 million) and is eligible to participate in the annual bonus plan with a target of 120% of salary, among other benefits.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
September 01, 2022 03:12 ET (07:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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