Reckitt announced today that Chris Sinclair plans to step down from his role as Chairman after completing his full nine-year term. He will be succeeded by Jeremy Darroch at the end of the consumer goods company’s AGM in May 2024.
The appointment follows several changes in top management at Reckitt this year. In August, Nike’s Shannon Eisenhardt was named as its next Chief Financial Officer just months after Kris Licht was appointed Chief Executive.
Darroch, who has served on the board of Marks & Spencer, joined Reckitt’s board as a senior independent non-executive director last November. He has considerable experience in the consumer retail environment from his executive career at Sky, DSG International and P&G.
Sinclair commented: “Jeremy is an outstanding leader and the ideal appointment for Reckitt”.
Darroch added: “I am delighted that I will succeed Chris as Chair. Reckitt is a world-class company with an exceptional portfolio of market-leading, high-margin brands. As a Board we are aligned that Reckitt is extremely well positioned to deliver sustainable and sector-leading total returns for shareholders.””
Last month, Reckitt missed third-quarter like-for-like sales expectations after recording a further fall in volumes due to higher prices impacting demand for some of its products.
