Reckitt Benckiser’s New Finance Chief Signals Strategic Shift
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Reckitt Benckiser Group Plc said finance chief Liz Doherty will be replaced by a veteran of the health care industry, signaling Chief Executive Officer Rakesh Kapoor’s increasing emphasis on more profitable consumer-health and pharmaceutical products over traditional household goods.
Adrian Hennah, the 54-year-old chief financial officer of Smith & Nephew Plc who earlier spent nearly two decades at GlaxoSmithKline Plc, will join Slough, England-based Reckitt Benckiser from the end of December. Doherty, whose management style was not “well matched” to that of the Nurofen maker, will stay on until March 2013, the company said today.