Reckitt Benckiser has reportedly poached a PepsiCo executive to fill a role within the company.
PepsiCo global chief commercial officer Laxman Narasimhan will be appointed as the next chief executive at Reckitt.
According to InsideFMCG, Mr. Narasimhan is the first CEO to be appointed from outside the company since it was formed in 1999.
Mr Narasimhan said in a statement: “I’m delighted to be joining RB as the next Chief Executive Officer at an exciting time for the business”.
“It is a special company with a long history of outperformance, creating innovative products and iconic brands which improve the health and lives of people across the globe. I’m looking forward to working with an exceptional group of leaders over the coming years to continue to transform RB,” he said.
Mr Narasimhan is due to begin with the company in his new role on September 1.
PepsiCo has announced that the new vacant chief commercial officer position will be filled by the company’s Greater China CEO Ram Krishnan InsideFMCG reported.