Narasimhan will leave the UK manufacturer to relocate back to the US
UK conglomerate Reckitt Benckiser Group’s CEO is to step down at the end of the month.
Laxman Narasimhan, who was appointed to the position in November 2019, is said to be relocating back to the US for personal reasons and has been approached for an opportunity that enables him to live there.
From 30 September, he will be replaced as CEO by Nicandro Durante, currently Reckitt’s Senior Independent Director.
The Clearasil and Veet owner described Durante as being deeply familiar with the strategy and direction of Reckitt.
The group's Chairman Chris Sinclair said: “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.”
Durante will cease to be Senior Independent Director with immediate effect, and will step down from the Nomination, Remuneration and CRSEC Committees of the board.
Andrew Bonfield will be appointed as Senior Independent Non-Executive Director to hold the role for an interim period until Jeremy Darroch joins the Reckitt board on 1 November 2022.