Rakesh Kapoor, CEO of consumer goods giant Reckitt Benckiser, has revealed his intention to retire by the end of the year, ending a 32-year career with the firm of which the final eight were spent in the top job.
Kapoor is credited with evolving the UK household cleaning business into a global health and hygiene provider and was also pivotal behind the development of RB2.0, an organisation focused on sustainable growth and outperformance.
The process of anointing a successor is now underway with the board casting their net for both internal and external candidates.
Kapoor commented: "The last two years in particular, have been transformational with the acquisition of Mead Johnson, the catalyst for the creation of our two business units, Health and Hygiene, Home.
“2020 will herald a new decade and I believe now is a good time for new leadership to take this great company through the next phase of outperformance. I will remain fully focussed on driving the business until a successor is in place."