Reckitt Benckiser CFO to Retire; Nike's Shannon Eisenhardt Named as Replacement -- Update

By Christian Moess Laursen

Reckitt Benckiser Group's Chief Financial Officer Jeff Carr plans to step down on March 31 and will be replaced by Nike's Shannon Eisenhardt.

The consumer-goods company--which houses Dettol, Harpic and Durex among its brands--said Wednesday that Eisenhardt is currently chief financial officer of Nike Consumer, Brand & Marketplace. She will join the board as an executive director on Oct. 17 and replace Carr upon his Retirement.

"Jeff has been instrumental in driving financial discipline, leading our world-class productivity program, reducing our net debt, and driving sustainable long-term shareholder value... His strong contributions will stand us in good stead during the next chapter for Reckitt," the company said.

Eisenhardt will be paid a salary of 760,000 pounds ($967,632) a year and get a pension allowance of 10%. She will also be eligible to join the company's existing annual bonus plan with a target opportunity of 100% of salary.

Write to Christian Moess Laursen at [e-mail]

(END) Dow Jones Newswires

08-23-23 0252ET