BUZZ-Reckitt Benckiser: Shares slip after outsider named CEO [Reuters]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Reuters
BUZZ-Reckitt Benckiser: Shares slip after outsider named CEO - Reuters 2 Min Read ** Shares of British consumer goods giant Reckitt Benckiser Group Plc fall 1.5% ** Co named PepsiCo executive Laxman Narasimhan as its next chief executive officer, to succeed Rakesh Kapoor ** Narasimhan’s initial priorities will be to boost performance, especially in the health business, and to drive the Lysol maker’s plan to split into two separate business units, co says in a statement ** Analysts at RBC attributed share decline to Narasimhan’s “limited CEO experience” ** “Appointment of a new, external CEO is bound to raise questions regarding the timing of the end of the group’s RB 2.0 plan and whether it will ultimately lead to a split of the company,” Liberum says ** “In our view, the appointment is unlikley to materially change the strategic direction of the company but could slow down any event such as a sale or spin-off of the Hygiene Home unit,” the brokerage adds ** “RB has opted for an outsi
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