Money: New boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £16.6m - - PressFrom - Australia
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MoneyNew boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £16.6m

10:35  13 june  2019
10:35  13 june  2019 Source:   dailymail.co.uk

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6 million – although it could end up being even higher after Reckitt said it would also compensate. New boss of consumer goods giant Reckitt 6 m . New owner Comcast is putting its money where its mouth is by doubling the current £ 500 million budget of Sky Studios to more than £ 1 billion by 2024.

Reckitt Benckiser Group plc (RB) (listen ) is a British multinational consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and home products.

New boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £16.6m© YouTube: RB Announces Laxman Narasimhan as Chief Executive Officer New Reckitt Benckiser Chief Executive Laxman Narasimhan

The new boss of consumer goods giant Reckitt Benckiser could receive a pay package worth more than £16.6m ($AU30.4m).

Laxman Narasimhan, 50, will take over from current chief executive Rakesh Kapoor on September 1, the maker of Cillit Bang and Durex announced yesterday.

But the lucrative pay deal threatens to provoke shareholder anger, after a series of previous revolts against large sums given to Kapoor.

Last year Kapoor was handed £15.2 million ($AU27.8 million), on top of a total £82.4 million ($AU154.5 million) he had already scooped since 2011.

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New boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £ 16 . 6 mBy City & Finance Reporter for the Daily Consumer goods giant Reckitt Benckiser signs-up former PepsiCo exec Laxman Narasimhan to be its new bossHe will join as a board director on 16

New boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £ 16 . 6 m . Laxman Narasimhan, 50, will take over from current chief executive Rakesh Kapoor on September 1, the maker of Cillit Bang and Durex announced yesterday.

Narasimhan joins the company from American drinks giant Pepsico, where he is global chief commercial officer.

He will be awarded a ‘golden hello’ of 75,000 shares worth about £4.8 million ($AU8.8 million), subject to performance targets, as well as further performance pay worth another £9.6 million ($AU17.6 million) – if he can double the company’s share price.

On top of this, Narasimhan will get a salary of £950,000 $AU1,739,000) and £95,000 ($AU173,939) towards his pension.

This takes the total package to as much as £16.6 million ($AU30.4 million) – although it could end up being even higher after Reckitt said it would also compensate Narasimhan for bonuses he could have earned at Pepsico.

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New boss of consumer goods giant Reckitt Benckiser tipped for a pay package worth more than £16.6m

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