Wharton School - Latest News Update, Information, Photos & Videos on Wharton School at Lokmat Times

Narasimhan will succeed Rakesh Kapoor in the role. Kapoor will end an eight-year stint at the the top of RB that also saw a cyberattack, manufacturing glitches and other woes gripping the company, ending the consumer products giant's run as an investor favourite.Narasimhan is currently PepsiCo's global Chief Commercial Officer responsible for the cola giants' integrated long-term growth strategy. He will join the Reckitt Benckiser as the CEO-designate and be appointed to the Board as an Executive Director effective July 16, 2019 and will become the Group CEO with effect from September 1, 2019, the company said in a statement.Narasimhan has been a member of the PepsiCo executive committee for the last four years, reporting to the Chairman and Chief Executive. He leads strategy, global category groups, global R&D and is implementing an advanced digital capability across the PepsiCo business.In his new role at RB, Narasimhan will serve as group CEO, while also directly leading the health business unit. His initial priorities will be to focus on delivering outperformance, especially in the health business unit, and to drive RB 2.0.Prior to his stint at PepsiCo, Narasimhan served as a Director for McKinsey & Company.Narasimhan is a mechanical engineering graduate from the College of Engineering, University of Pune. He also has masters degrees in German and International Studies from the Lauder Institute in University of Pennsylvania and is an MBA in Finance from the Wharton School in University of Pennsylvania.Apart from three Indian languages and English, Narasimhan speaks fluent German and conversational Spanish. He is a trustee of the Brookings Institution, a member of the Council on Foreign Relations, and was previously an advisory board member of the Jay H. Baker Retailing Centre at the Wharton School, University of Pennsylvania.As CEO of the RB group, Narasimhan will receive a salary of 950,000 pound. He will receive a pension allowance of 10 per cent of salary in line with the wider RB workforce in the UK, and other benefits in line with RB policy, including shares in the company. He will be eligible to participate in the company's existing annual bonus plan with a target of 120 per cent of salary.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Wharton SchoolFOLLOW

Wharton school, Latest News

Business :TSRSM Capitals from The Shri Ram School, Moulsari wins regional round to compete in world finals of Wharton Global High School Investment Competition

The Wharton School of business, one of the world's leading business schools, held its annual investment competition, Wharton Global High School Investment Competition 2020-2021. The competition aims to introduce high-schoolers to the subject of finan ...

Lifestyle :Money is linked to an individual's happiness: Study

In contrast to previous researches, money does influence an individual's happiness, suggested the findings of a new study. ...

Lifestyle :Money matters to happiness more than previously thought: Study

A new research has shown that contrary to previous influential research, money does influence an individual's happiness. One potential reason leading to this conclusion could be that higher earners feel an increased sense of control over life. ...

Business :PepsiCo executive Laxman Narasimhan named new CEO of Reckitt Benckiser

British consumer goods major Reckitt Benckiser (RB) on Wednesday announced the appointment of PepsiCo executive Laxman Narasimhan as its Chief Executive Officer (CEO). ...