Peter Harf, the deputy chairman of the board at Reckitt Benckiser, has once again sold millions of pounds worth of shares in the firm, totalling £23m in just three days.
The company insists the director, who has occupied his position since 1999, isn't going anywhere just yet.
"He's made the sale for personal-professional reasons," the firm said.
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"Crucially, the sale has nothing to do with Joh A Benckiser (JAB), of which he is chief executive. We have no reason to believe that JAB is planning to make any decisions relating to the firm and will continue to maintain its 15% stake in the company."
After selling £13.3m-worth of shares on Wednesday, Harf then sold another £9.37m-worth on Thursday.
The shares that Harf is selling were purchased before the 1999 merger between Reckitt & Colman and Benckiser.
The share price rose 0.09% to 3,222p by 16:27.
NR
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