Reckitt Benckiser’s Next CEO Has ‘Tough Act to Follow’ in Becht
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Reckitt Benckiser Group Plc shareholders may have their best returns behind them as Chief Executive Officer Bart Becht steps down after more than a decade at the helm of the household-cleanser company he formed.
Rakesh Kapoor, 52, named yesterday to take over in September, may struggle as sales slow in Europe and competition intensifies, analysts including Carl Short of Standard & Poor’s said. Under Becht, Reckitt Benckiser’s comparable sales growth has risen more than 5 percent a year since 2005 and posted double-digit net-income growth in eight of the past 10 years.