21st Oct 2019 10:42
(Alliance News) - Reckitt Benckiser Group PLC said Monday it has hire the finance chief of Dutch supermarket chain Ahold Delhaize NV to be its new chief financial officer.
Reckitt said current CFO Adrian Hennah will retire from the FTSE 100 consumer healthcare household products firm next year.
Hennah - CFO since 2013 - will retire from his role when Jeff Carr joins the firm, expected some time before April 9. Hennah will remain at RB until his retirement date of October 21, 2020 in order to ensure a "seamless transition".
Carr has been CFO of Ahold Delhaize since 2011, having previously served in senior roles at UK food producer and clothes retailer Associated British Foods PLC, budget airline easyJet PLC, and bus and trains operator First Group PLC. He is currently a non-executive director at home improvement products retailer Kingfisher PLC.
Carr's new appointment marks his return to Reckitt Benckiser. Between 1994 and 2004, he served in senior finance roles with the Dettol, Durex and Nurofen maker.
Reckitt Chief Executive Officer Laxman Narasimhan - in post since July - said he was "pleased" Carr would be joining.
"Jeff brings extensive experience across consumer and retail companies and is also an alumnus of RB," Narasimhan said. "Jeff has a record of transformational strategic and operational leadership, consistent performance delivery, strong capital allocation discipline and with building strong teams; all of which lead to long term shareholder value creation."
"I am grateful to Adrian for all the support he has provided to me since I joined RB and I would also like to thank him for his leadership and strong commitment to RB over the past seven years," Narasimhan added.
Shares in RB were 1.7% lower at 5,902.00 pence in London on Monday. Ahold shares were down 0.3% at EUR22.92 in Amsterdam.
By Ahren Lester; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
KingfisherRB.LFirstgroupAB FoodseasyJet