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RB Taps PepsiCo Executive for Group CEO Role

June 26, 2019

Consumer goods firm Reckitt Benckister Group plc (RB) named Pepsico executive Laxman Narasimhan will replace Rakesh Kapoor as the firm’s chief executive officer, according to a recent company press release. 

Currently serving as PepsiCo’s Global Chief Commercial Officer in charge of the firm’s strategy, global category groups, and global R&D, Narasimhan is slated to join RB as its CEO-designate and an executive director of the board on July 16. The Group CEO becomes effective on Sept. 1, 2019. 

“Laxman has exceptional strategic capabilities and consumer insight with a proven track record in developing purpose-led brands and driving consumer centric and digital innovation,” said Chris Sinclair, chairman of RB’s board, in a statement. “This, combined with his excellent people engagement and leadership skills, gives the board confidence that he will continue to evolve the strong culture of RB and deliver outperformance.”

While at PepsiCo, he also served as senior vice president and CFO of PepsiCo Americas Foods, leading the food businesses in the Americas and the Caribbean. Narasimhan also worked as a director for McKinsey & Company.

Narasimhan earned a degree in mechanical engineering from the College of Engineering, University of Pune, India and an MA in German and International Studies from the Lauder Institute at the University of Pennsylvania and an MBA in Finance from The Wharton School at the University of Pennsylvania. 

“I’m delighted to be joining RB as the next chief executive officer at an exciting time for the business. It is a special company with a long history of outperformance, creating innovative products and iconic brands which improve the health and lives of people across the globe,” said Narasimhan in the release. “I’m looking forward to working with an exceptional group of leaders over the coming years to continue to transform RB.”

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