THE WHAT? Reckitt Benckiser has announced that Chris Sinclair will retire as Chair and step down from the board, having completed full 9-year term next year following the AGM in May. Sir Jeremy Darroch has been named as his successor.
THE DETAILS Sir Darroch joined the Board as Senior Independent Non-Executive Director in November 2022. He boasts considerable expertise in the consumer retail environment built up over a successful career at some of the UK’s most high-profile companies. He is currently the Chair of the National Oceanography Centre, and is a seasoned Non-Executive Director having held board positions at Marks and Spencer Group and Burberry Group.
THE WHY? Sinclair comments, “Reckitt is a strong, well invested business that is fully focused on enhancing returns to shareholders. It also has a unique culture that has made my time with the Reckitt team extremely fulfilling and I am delighted to be handing over to Sir Jeremy Darroch who has agreed to be the next Chair of Reckitt. Jeremy is an outstanding leader and the ideal appointment for Reckitt. He has considerable expertise in the consumer retail environment from his executive career at Sky, DSG International and at Proctor & Gamble, a passion for responsible and sustainable business and a track record of shareholder value creation.”