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 christian.moess@wsj.com
(END) Dow Jones Newswires
August 23, 2023 02:52 ET (06:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations