Reckitt Welcomes Two New Non-Executive Directors to Board

Reckitt Welcomes New Faces to Its Board

Reckitt Benckiser Group plc (LON:RKT), known for its standout brands in health, hygiene, and nutrition, has recently announced two new appointments to its Board. Mahesh Madhavan and Stefan Oschmann will join as Non-Executive Directors, bringing a wealth of experience and insight from their extensive careers. Their first day on the Board is set for January 1, 2025.

Leadership Experience of Mahesh Madhavan

Mahesh Madhavan is a recognizable name in the corporate sector, currently serving as the CEO of Bacardi, a position he has held since 2017. His journey with Bacardi began in 1997, and he has significantly transformed the company during his time there, infusing it with stability and strategic foresight. Prior to his leadership role at Bacardi, he held various important positions at International Distillers & Vintners and FCB Ulka Advertising. Furthermore, Madhavan is also a Non-Executive Director for Capri Holdings (NYSE:CPRI), showcasing his continued engagement in overseeing business strategies.

Future Contributions at Reckitt

As part of his new responsibilities at Reckitt, Madhavan will join the Remuneration Committee in February 2025. His extensive background in brand leadership and international markets is likely to bolster Reckitt’s strategic endeavors and enhance the company’s performance in an increasingly competitive landscape.

Stefan Oschmann’s Extensive Career Journey

Stefan Oschmann brings over three decades of diverse leadership experience to the Reckitt Board. Previously, he spent a significant amount of time at Merck & Co (NYSE:MRK) before stepping into a leadership role at Merck KGaA in 2011. Under his guidance, Oschmann held positions of considerable influence, including CEO and Chair from 2016 to 2021, where he led advancements in the science, healthcare, and technology sectors. His current non-executive roles span various respected organizations including Stamm and Springer Nature, where he also chairs AiCuris Anti-Infective Cures.

Enhancing Compliance at Reckitt

Oschmann is also expected to contribute significantly as a member of Reckitt's Compliance Committee starting in February 2025. His expertise in compliance and regulatory matters will be invaluable in navigating the complexities of the industry and ensuring Reckitt's operations adhere to high standards of governance and ethics.

Board's Vision for the Future

Sir Jeremy Darroch, Chair of the Reckitt Board, expressed his enthusiasm regarding these appointments. He highlighted the depth of experience both Madhavan and Oschmann bring to the team, anticipating their contributions to the Board’s initiatives and the operational excellence of the company. With their expertise in leading major corporations, Reckitt is poised for enhanced growth and innovation.

Reckitt's Commitment to Sustainable Practices

Headquartered in the UK, Reckitt oversees a wide array of consumer brands, including household names like Dettol, Lysol, and Durex. The company emphasizes a steadfast commitment to providing high-quality hygiene, wellness, and nutritional products. With a dedicated workforce of roughly 40,000 employees, Reckitt aims to leave a positive impact on society and the environment through sustainable practices and responsible product offerings.

Frequently Asked Questions

Who are the new Non-Executive Directors at Reckitt?

The new Non-Executive Directors are Mahesh Madhavan and Stefan Oschmann, both bringing extensive leadership experience.

When will the new directors join the Reckitt Board?

The new directors will officially join the Reckitt Board on January 1, 2025.

What experience does Mahesh Madhavan have?

Mahesh Madhavan has been the CEO of Bacardi since 2017 and has extensive experience in the consumer goods sector.

What roles will the new directors assume at Reckitt?

Madhavan will join the Remuneration Committee, while Oschmann will be part of the Compliance Committee starting in February 2025.

What is Reckitt’s mission?

Reckitt is dedicated to providing high-quality products in hygiene, wellness, and nutrition while emphasizing positive social and environmental impacts.

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