Reckitt Benckiser: shares drop as veteran CEO steps down
(CercleFinance.com) - Shares in Reckitt Benckiser fell almost 3% on Wednesday, after the British consumer goods company said that CEO Rakesh Kapoor would retire by the end of the year.
Kapoor, a 32-year veteran at the company, said it is a "good time for new leadership" and to start the next phase of outperformance.
Since he became CEO in 2011, the company has delivered a total 130% return to shareholders, almost that of the FTSE 100 index and ahead of most the group's peers in consumer, health and nutrition.
RB shares were down 2.9% on this news.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Kapoor, a 32-year veteran at the company, said it is a "good time for new leadership" and to start the next phase of outperformance.
Since he became CEO in 2011, the company has delivered a total 130% return to shareholders, almost that of the FTSE 100 index and ahead of most the group's peers in consumer, health and nutrition.
RB shares were down 2.9% on this news.
Copyright (c) 2019 CercleFinance.com. All rights reserved.