New Reckitt Benckiser CEO Not Shying Away From Tough Decisions Early In Tenure: Analysis
Newly appointed Reckitt Benckiser chief executive Laxman Narasimhan is enjoying the benefits of the honeymoon period enjoyed by incoming CEOs by making big decisions early in his tenure, a leading analyst has said.
AJ Bell investment director Russ Mould was commenting following the publication of Reckitt Benckiser's third quarter results, which saw the business post like-for-like growth of 1.6% for the period, however volumes were down 1%, while its Health division also saw declines.
“Kitchen sinking or resetting expectations is a well-rehearsed path in the corporate world although in truth Narasimhan, who joined in September, may have had little choice but to scale back sales expectations after a pretty ropey third quarter," Mould said.
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