Business

Reckitt Benckiser names Jeff Carr as chief financial officer

In his current role, Carr is the chief financial officer, and management board and executive committee member at Ahold Delhaize, where he has been since 2011 (REUTERS/Stephen Hird/File Photo).

By: Radhakrishna N S

RECKITT Benckiser Group plc (RB) today (21) announced the appointment of Jeff Carr as chief financial officer (CFO) and executive director to succeed Adrian Hennah, who will be retiring next year.

Carr will join the company and the board on or before April 9, next year.

In his current role, Carr is the chief financial officer, and management board and executive committee member at Ahold Delhaize, where he has been since 2011.

Hennah will be stepping down as chief financial officer and executive director when Carr starts, remaining with the company until his retirement date of October 21, 2020, to ensure a seamless transition.

Laxman Narasimhan, chief executive officer, RB, commented: “We are pleased to have appointed Jeff as chief financial officer. Jeff [Carr] brings extensive experience across consumer and retail companies and is also an alumnus of RB…

Carr commented :“I spent part of my early career at RB and I am delighted to re-join RB as its CFO. I have always valued the business’s entrepreneurial energy and creativity and, like Laxman, see great potential to drive positive change. I look forward to starting in the role next year.”

As CFO of Reckitt Benckiser Group, Jeff will receive a salary of £680,000.

The share ownership requirement will be 100,000 shares, and there will be a formal post-employment shareholding requirement, for two years after departure.

As Carr is moving from the Netherlands to the UK, he is eligible for relocation benefits.

Carr began his career at Unilever as a graduate trainee and has held senior roles at Grand Metropolitan, Associated British Foods, easyJet and First Group, and senior finance roles in RB between 1994-2004.

Jeff also serves as non-executive director of Kingfisher.