– UK, Slough – Reckitt Benckiser Group plc (LON: RKT) today announced the appointment of current Senior Independent Director, Nicandro Durante, as CEO to temporarily replace Laxman Narasimhan who will step into the role of CEO on September 30, 2022.
The Chairman and the Nomination Committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey.
“We are also very fortunate to be able to appoint Nicandro Durante as our CEO. Having worked closely with Nicandro since I joined the Board, I have no doubt that he will provide the leadership needed for Reckitt at this important stage of transformation while we find the right long-term leader for the business,” said Board Chairman, Chris Sinclair.
Andrew Bonfield will be appointed as Senior Independent Director to hold the role for an interim period until Jeremy Darroch joins the Board on 1 November 2022.
About Nicandro Durante
Nicandro is a highly experienced CEO who led the transformation of BAT over nine years. He is deeply familiar with the strategy and direction of Reckitt, having been on the board for several years, including several years as the Senior Independent Director. Under his leadership, Reckitt will continue to implement its current successful strategy.
Nicandro commented “I am honoured to have an opportunity to lead Reckitt, a Company that I have been a part of for many years. The transformation plan Laxman and the Group Executive have led is exciting and delivering results. I look forward to continuing the momentum.”
Nicandro started his career working in finance in Brazil and joined BAT in 1981. Whilst at BAT, Nicandro worked in the UK, Hong Kong, and Brazil and held several senior positions including Regional Director for Africa and the Middle East, Chief Operating Officer, and, from 2011 to 2019, Chief Executive Officer.
Nicandro Durante was appointed as a Non-Executive Director of Reckitt in December 2013 and appointed as Senior Independent Director in January 2019, which he steps down effective today.
Nicandro is currently Chair of TIM Participações S.A., a Brazil-based telecommunications company.
Nicandro holds a degree in Business administration from PUC-Pontificia Universidade Católica and has obtained postgraduate qualifications in Finance and Economics. Nicandro holds Italian and Brazilian citizenship.
About Reckitt
Reckitt is a well-invested resilient business with a clear strategy and purpose, a strong and evolving culture, an excellent portfolio of leading brands, and a dynamic and engaged leadership team. There is great momentum across the business and we see the benefits come through in its performance.
Reckitt* exists to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. We believe that access to the highest-quality hygiene, wellness, and nourishment is a right, not a privilege.
Reckitt is the company behind some of the world’s most recognizable and trusted consumer brands in hygiene, health, and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more.
Every day, more than 20 million Reckitt products are bought globally. We always put consumers and people first, seek out new opportunities, strive for excellence in all that we do, and build shared success with all our partners. We aim to do the right thing, always.
We are a diverse global team of more than 43,000 colleagues. We draw on our collective energy to meet our ambitions of purpose-led brands, a healthier planet, and a fairer society.
For more information: https://www.reckitt.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.