Nicandro Durante Replaces Laxman Narasimhan As Reckitt's CEO

With Laxman Narasimhan stepping down as Reckitt's Chief Executive Officer, Nicandro Durante, current Senior Independent Director, will step into the role of CEO, as the Board evaluates and selects the future leadership. 

Narasimhan has decided for personal and family reasons to relocate back to the United States and has been approached for an opportunity that enables him to live there.

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.

Durante 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.

"On behalf of the entire Board, I want to thank Laxman for leading the organisation through a significant transformation over the last three years. We wish him and his family all the very best as he fulfils his desire to return to the United States,' says Chris Sinclair, Chairman, Reckitt.

“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 do not 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,” adds Sinclair.

With immediate effect, Durante will cease to be the Senior Independent Director and will step down from the Nomination. Nicandro Durante, Chairman Designate comments, "I am honoured to have an opportunity to lead Reckitt, a company that I have been a part of for many years. The transformation agenda Laxman and the group executive have led together is exciting and delivering results. I look forward to continuing the momentum."