Reckitt Benckiser announces Kris Licht to join its Board of Directors as CEO designate

– UK, Slough –  Reckitt Benckiser Group PLC (LON: RKT) today announced the appointment of Kris Licht to its Board of Directors as CEO designate effective 1 June 2023 to succeed Nicandro Durante by the end of 2023.

“The Board and I are confident that Kris Licht is the right leader to take Reckitt forward, building on the strong momentum in the business after three years of successful transformation. Kris has been instrumental in Reckitt’s transformation through his strategic role and his strong operational leadership in the turnaround of our Health GBU over the last three years. He has a deep understanding of Reckitt’s business, customers, brands and culture. He brings extensive experience and a broad range of skills to the role and is an excellent fit to lead Reckitt in the next exciting phase of its journey,” said Board Chairman, Chris Sinclair.

About Kris Licht

Kris Licht has served as President of Reckitt’s Health business and as CCO since July 2020. Before this, he served as CTO from November 2019 to July 2020. He has been pivotal in both setting the strategic direction of the company and returning Health to the strong growth trajectory that it is delivering today. He joined Reckitt from PepsiCo, where he held various senior operational and strategic leadership positions. Before PepsiCo, he was a Partner at McKinsey & Co with a focus on consumer, health, and retail practices.

Kris Licht said: “It is an honor to have been appointed as the next CEO of Reckitt. Over the past four years, I have been privileged to be a part of the transformation journey and have seen the extraordinary ownership, entrepreneurial spirit and drive for performance that our people demonstrate every day. As our recent performance shows, it is clear we are delivering, and after significant investment, we are well-positioned to generate consistent, strong shareholder returns. While there is more work to be done to realize our full potential, I see strong momentum and believe it is truly an exciting time for Reckitt.”

Kris joined Reckitt from PepsiCo in 2019, where he held various senior operational and strategic leadership positions over five years. His last role at PepsiCo was Division President for Pepsi Beverages North America, responsible for a business in the Western United States with revenues of over $4 billion. Before that, Kris was General Manager of the North-East region, the home market of PepsiCo in the US. Earlier roles included leading PepsiCo’s global strategy function and leading the transformation of North America Beverages. In these roles, he worked closely with the CEO and executive team to develop the enterprise strategy and assess organic and inorganic growth opportunities.

Before PepsiCo, Kris was a Partner at McKinsey & Co with a focus on consumer, health, and retail practices. He served consumer and health clients around the world on commercial and strategic topics as well as planned and executed several large-scale mergers and acquisitions. During his tenure at McKinsey & Co, he worked extensively with the firm’s clients in consumer categories such as OTC, beauty, confectionery, snacks, and beverages.

Kris serves on the boards of the Consumer Brands Association in the US and the Global Self-Care Federation. Kris holds an MA and BSc in Political Science from the New School and Aarhus University respectively.

A Danish national and long-time US resident, Kris will relocate to the UK.

Source: https://www.reckitt.com/

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