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Reckitt Names Replacement For Retiring CFO

Reckitt announced today that its Chief Financial Officer, Jeff Carr, will retire at the end of March 2024 and be replaced by Shannon Eisenhardt.

Eisenhardt will join the British consumer goods firm from NIKE, the world’s largest sports footwear and apparel company, where she currently serves as CFO of its Consumer, Brand & Marketplace division.

Before joining NIKE in 2015, Eisenhardt spent nearly two decades at P&G in a range of finance roles working at corporate, country and regional levels.

The move comes four months after Reckitt named company insider Kris Licht as CEO-designate. He will succeed Nicandro Durante by the end of this year after a transition period.

Commenting on the latest new appointment, Reckitt’s Chairman Chris Sinclair said: “Shannon brings extensive experience across consumer and retail, having worked with some of the most globally recognised brands, and an impressive and highly relevant international background.  Shannon is a proven strategic and operational leader with a track record of building highly successful teams and delivering strong and consistent performance.”

Eisenhardt added: “I am excited to be joining Reckitt as CFO. The business is built on strong brands with category-leading positions, a unique entrepreneurial culture and a clear and compelling strategy for growth. I look forward to working with Kris Licht, Jeff Carr and the management team to help deliver outperformance.”

Last month, Reckitt reported robust first-half sales figures, although volumes took another hit after the company raised prices to offset higher operating and raw material costs.