By Joe Hoppe

Reckitt Benckiser said Chair Chris Sinclair intends to retire after the 2024 annual general meeting in May, and named Senior Independent Director Jeremy Darroch as his successor.

The consumer-goods company--which houses Dettol, Harpic and Durex among its brands--said Wednesday that Sinclair is retiring after completing a full nine-year term.

Darroch joined the board in November 2022 as senior independent nonexecutive director. Reckitt said Darroch has considerable expertise in the consumer retail environment, built up over a career at some of the U.K.'s most high-profile companies. He is currently chair of the National Oceanography Centre, and has held board positions in Marks and Spencer Group and Burberry Group.

"[Darroch] has considerable expertise in the consumer retail environment from his executive career at Sky, DSG International and at Proctor and Gamble, a passion for responsible and sustainable business and a track record of shareholder value creation," Sinclair said.

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(END) Dow Jones Newswires

11-15-23 0232ET