LONDON - Reckitt Benckiser (LON:RKT) Group plc, known for its portfolio of health, hygiene, and nutrition brands, has announced the appointment of Mahesh Madhavan and Stefan Oschmann as Non-Executive Directors, set to join its Board on January 1, 2025. Madhavan, the current CEO of Bacardi, and Oschmann, the former CEO of Merck (NS:PROR) KGaA, bring a wealth of leadership experience to the Reckitt Board.
Madhavan has been with Bacardi since 1997, ascending to CEO in 2017. During his tenure, he has been credited with leading a successful transformation of the business, providing stability and a strategic vision. His prior experience includes roles at International Distillers & Vintners, FCB Ulka Advertising, and Wipro (NYSE:WIT) Consumer products, and he currently serves as a Non-Executive Director at Capri Holdings (NYSE:CPRI). Madhavan is also slated to join Reckitt's Remuneration Committee in February 2025.
Oschmann's career has spanned over three decades, including a significant period at Merck & Co (NYSE:MRK) before joining Merck KGaA in 2011. There, he advanced to CEO and Chair, a role he held from 2016 to 2021, noted for his transformational leadership in science, healthcare, and technology sectors. He currently holds non-executive positions at Stamm, European Healthcare Acquisition & Growth, Springer Nature, and chairs AiCuris Anti-Infective Cures. Oschmann will become a member of Reckitt's Compliance Committee in February 2025.
Sir Jeremy Darroch, Chair of the Reckitt Board, expressed enthusiasm about the appointments, highlighting the extensive CEO-level experience both Madhavan and Oschmann bring to the table. Darroch anticipates the value and expertise they will contribute to the Board's operations.
Reckitt, headquartered in the UK, oversees a diverse portfolio of consumer brands, including Dettol, Lysol, and Durex, with a global team of approximately 40,000 employees. The company emphasizes a commitment to providing high-quality hygiene, wellness, and nutrition products and services, aiming for positive social and environmental impact.
This announcement is based on a press release statement and contains no additional information that requires disclosure under the Financial Conduct Authority's Listing Rule 9.6.13R.
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