(Reuters) - Reckitt Benckiser said on Thursday its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.
The maker of Dettol and Lysol cleaning products said Narasimhan decided to leave for personal reasons to relocate back to the United States and has been approached for a new opportunity.
The company did not elaborate further.
Laxman will be replaced by current senior independent director Nicandro Durante, while the board "evaluates and selects the future leadership", Reckitt said in a statement.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)
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Laxman Narasimhan holds the position of Group Chief Executive Officer & Executive Director at Reckitt Benckiser Group Plc. Mr. Narasimhan is also on the board of The Brookings Institution and Member of Council on Foreign Relations, Inc. In his past career he was Chief Executive Officer & Director at Reckitt Benckiser (Bangladesh) Ltd., Global Chief Commercial Officer at PepsiCo, Inc. and Chief Financial Officer & Senior Vice President of PepsiCo Americas Foods (a subsidiary of PepsiCo, Inc.) and Director & Manager at Mckinsey & Co. (Haryana). He received a graduate degree from Joseph H Lauder Institute of Management & International, an MBA from The Wharton School of the University of Pennsylvania and an undergraduate degree from College of Engineering, Pune.
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