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Reckitt Benckiser Group PLC on Wednesday said its Chief Financial Officer Jeff Carr will retire on March 31, 2024.
The Slough, England-based consumer goods company said Shannon Reinhardt, currently CFO of Nike Inc Consumer, Brand & Marketplace, will join Reckitt as CFO designate on October 17.
The firm said Reinhardt will also be appointed to the board as an executive director.
Reckitt said Reinhardt currently leads Nike’s finance function for Nike geographies and its global Nike Direct business, and Global Marketing.
Chair Chris Sinclair said: ‘I would like to sincerely thank Jeff for his excellent service to Reckitt. Jeff began his career in Reckitt and returned in 2020 because of his commitment to the company and the fantastic opportunity to grow its leading brands. He has been instrumental in driving our strategic and cultural transformation, embedding a strong capital allocation process and delivering a world-class productivity programme over the past three and a half years.
‘We are delighted to announce that Shannon will succeed Jeff as chief financial officer. 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.’
Reckitt shares had closed down 0.5% at 5,608.00 pence each in London on Tuesday.
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