- Consumer goods company Reckitt Benckiser Group said it had appointed Laxman Narasimhan as its new chief executive to succeed Rakesh Kapoor.

Laxman was currently PepsiCo's chief commercial officer, responsible for the beverage company's long-term growth strategy.

He would join Reckitt Benckiser as CEO designate on 16 July and formally take the reins on 1 September.

'Laxman is an outstanding leader who brings wide experience across the consumer goods sector, both operationally at scale, and from his time at McKinsey,' chairman Chris Sinclair said.

'He has led complex operational businesses and inspired teams across developed and emerging markets to achieve market-leading performance.'

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