Reckitt Benckiser Group Plc has appointed Jeremy Darroch as its new chairman replacing Chris Sinclair who will step down after nine years in the top job.
Darroch formerly ran the broadcaster Sky Plc and will take over the role at the British consumer goods company in May 2024, the company said in a statement Wednesday.
The move by the Strepsils maker comes not long after Kris Licht started in his role as chief executive officer and former Nike Inc. executive Shannon Eisenhardt started as chief financial officer. Darroch’s appointment brings new management across the top of the company, which recently delivered slower-than-expected sales growth.
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Darroch is a well-known businessman in Britain who ran Sky for 13 years and was in charge when the pan-European pay-TV and broadband company was taken over by US giant Comcast. Under Darroch’s tenure, Sky’s value almost trebled. The executive joined the Reckitt board as a senior independent non-executive director in Nov. 2022.
The new leaders at Reckitt will need to shepherd the maker of everyday products through a potentially challenging time as Licht, who started in his new role in October, implements a new strategy to boost investment and increase operating profit faster than sales.
