UK-based global FMCG major Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan as its next Chief Executive Officer succeeding Rakesh Kapoor.
Narasimhan (52) would join RB as CEO-designate and then would be appointed to the board of the company as an Executive Director with effect from July 16, 2019, said a company statement, which own brands which inclues Dettol, Durex, Harpic, Harpic and Air Wick.
The India-origin executive will become Group CEO with effect from September 1, 2019, it added.
Narasimhan would succeed Kapoor, who has been leading RB as CEO since 2011.
Reckitt Benckiser in January had announced that Kapoor would retire as CEO by the end of 2019 after a 32-year stint at the firm.
Commenting on the development Chris Sinclair, Chairman of the Board said: "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."
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