LONDON: Reckitt Benckiser Group Plc named PepsiCo Inc’s Laxman Narasimhan as its next chief executive officer, looking outside its own ranks for a successor to Rakesh Kapoor after a difficult few years.
By turning to the food-industry veteran, the maker of Air Wick fresheners and Nurofen pain killers is looking for fresh leadership after the departing chief’s eight-year tenure was marred by a cyberattack, production glitches and a failed product launch. Narasimhan, 52, will take over on Sept 1 from Kapoor, who’s 60.