Reckitt Benckiser Group announces retirement of executive

British consumer goods company Reckitt Benckiser Group announced Monday the resignation of Freddy Caspers as Executive Vice President (EVP) for the Latin America and Asia Pacific area.

British consumer goods company Reckitt Benckiser Group announced Monday the resignation of Freddy Caspers as Executive Vice President (EVP) for the Latin America and Asia Pacific area.

The FTSE 100 group, the world's largest producer of household cleaning products, said Caspers would step down on June 30th.

Caspers retires after a 16-year career with Reckitt, also a major supplier of healthcare and personal products.

He served as an EVP for Eastern Europe, Rest of the World and Developing Markets before moving to the Latin America and Asia Pacific division.

Roberto Funari will join as his successor after leaving Imperial Tobacco as Marketing Director. He is a former employee of Reckitt, having spent 12 years at the company before jumping on board Imperial for two years.

At Reckitt he held senior marketing and general management roles in Brazil, Netherlands, South Africa and Central Europe. His last role was as global category officer for fabric and home care. He will rejoin the business on March 1st.

Rakesh Kapoor, Reckitt Chief Executive, said: "I would like to thank Freddy for his immense contribution to the growth and success of the company. As a clear example of the scale of his contribution since the merger, our developing markets business has grown at double digits, substantially ahead of market growth.

"At the same time, operating margins are now close to 20%. Importantly, he has built a strong organisation across his regions and has helped to develop the next generation of management talent.

"He advised me of his desire to retire some time ago, ensuring we were able to carefully plan his succession to minimise any disruption. All of us in the company wish Freddy a long, healthy and happy retirement."

RD

Recommended

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022