Prominent Indian- Rakesh Kapoor (CEO of Reckitt Benckiser plc )

Industry:

Rakesh Kapoor (born 4 August 1958) isan Indian businessman. He is chief executive (CEO) of Reckitt Benckiser plc, aUK FTSE-listed multinational consumer goods company, a major producer ofhealth, hygiene, and home products.


Kapoor was educated at Modern School,New Delhi, India. Kapoor has a BE (Hons) in Chemical Engineering from the BirlaInstitute of Technology and Science (BITS), Pilani, and an MBA from XLRI-Xavier School of Management, Jamshedpur, India.


Kapoor joined RB (Reckitt Benckiser)when it was known, pre-merger with Benckiser, as Reckitt & Colman in 1987,serving in various roles including Regional Sales Manager, North India; GeneralManager, Indian Southern Region; & Regional Marketing Director, South Asia.In 1999, Rakesh was appointed Global Category Director, Pest Control. Followingthe merger, Kapoor assumed the role of Senior Vice President, Home Care. 


Rakeshwas appointedSVP, Regional Director, & Northern Europe in the year 2001 andin July 2006, he was promoted to EVP, Category Development, with responsibilityfor global category management, research & development, media, marketresearch, and strategic alliances. 


Following discussions with theFinancial Services Authority, Reckitt Benckiser belatedly admitted in October2012 that in 2010 Kapoor had secured a loan against the £7.4m worth of sharesin the company. Such undisclosed loans are considered more likely to distort anexecutive's behavior than borrowings that are open and known to all. 


This issueof executive disclosures rose to prominence in 2008 when Car phone Warehouseco-founder David Ross had to resign after undisclosed use of £201 million inshares as collateral came to light. According to The Daily Telegraph, "Aspokesperson for the company said the failure to disclose the loans to themarket was not the fault of Mr. Rakesh Kapoor who had told the company of thesituation."

 

In January 2019, Reckitt Benckiserannounced that Kapoor is set to retire by the end of 2019.

 

In March 2014, in the wake of similarinvestor backlash protests over compensation for executives at Pearson,Barclays Bank, WPP, which are also listed on The Financial Times-Stock Exchange100 Index — a share index of the 100 companies listed on the London StockExchange with the highest market capitalization — over 40 per cent of ReckittBenckiser shareholders refused to support the company’s remuneration report.

 

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