Good morning: Reckitt Benckiser, the giant consumer goods group, has poached Laxman Narasimhan from Pepsico to succeed Rakesh Kapoor, who announced at the start of the year that he was stepping down. Mr Narasimhan, who is currently the global chief commercial officer “responsible for integrated long-term growth strategy”, will join Reckitt in July. He will be formally appointed chief executive at the start of September. “Laxman is an outstanding leader who brings wide experience across the consumer goods industries, both operationally at scale and from his time at McKinsey,” said Chris Sinclair, chairman of Reckitt Benckiser. “He has led complex operational businesses and inspired teams across developed and emerging markets to achieve market-leading performance.”They are also shifting the deckchairs at Saga, the travel and…

Source: The Times June 12, 2019 08:03 UTC