- England-based consumer company Reckitt Benckiser Group Plc (OTC:RBGLY) (OTC:RBGPF) Chief Executive Officer Laxman Narasimhan will step down at the end of September.
- Narasimhan joined the Dettol cleaning products maker in September 2019. He was the first outsider candidate to assume the role since Reckitt’s formation, Reuters reported.
- He will be replaced by Nicandro Durante, current Senior Independent Director, who will step into the role of CEO, as the Board evaluates and selects the future leadership.
- Durante will cease to be the Senior Independent Director and step down from the Nomination, Remuneration, and CRSEC Committees of the Board.
- Andrew Bonfield will be appointed as Senior Independent Non-Executive Director to hold the role for an interim period until Jeremy Darroch joins the Board on November 1, 2022.
- Price Action: RBGLY shares closed higher by 0.72% at $15.63 on Wednesday.
- Photo Via Wikimedia Commons
Cannabis Chart Of The Week: Most MSO Revenue Growth Is New Market Related
The Viridian Chart of the Week shows analyst estimates for MSO revenue for the third quarter of 2023 relative to the second quarter of 2023 and the third quarter of 2022.
The green bars depict estimated sequential quarter growth for Q3:23, while the orange bars show year-over-year growth.
