Corporate Governance
From the company's creation in 1999 until he retired in 2011, Bart Becht was CEO. He was widely credited with the company's recent success. The Guardian called him "one of the most successful businessmen of his generation". Under him, the company focussed on its core brands, and on improving efficiency in the supply chain. It also increased its marketing budget. Business Week noted that "40% of Reckitt Benckiser's $10.5 billion in 2007 revenues came from products launched within the previous three years." Becht was Britain's highest paid businessman, taking home more than £90 million in 2009. In April 2011, he announced that he would step down in September of that year, to be replaced by Rakesh Kapoor, who had been with the company since 1987. Reckitt Benckiser shares fell by 6.6% on the news.
Current directors are: Adrian Bellamy, Richard Cousins, Liz Doherty, Warren Tucker, Dr Peter Harf, Ken Hydon, Graham Mackay, André Lacroix, Judith Sprieser and David Tyler. Current members of the executive committee are: Rob de Groot, Amadeo Fasano, Heather Allen, Freddy Caspers, Liz Doherty, Salvatore Caizzone, Gareth Hill and Simon Nash.
Read more about this topic: Reckitt Benckiser
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