Shares of Reckitt Benckiser fall as finance leader Colin Day closes for the acquisition of SSL £ 2. 5bn

The surprise announcement of departure Colin day sent shares almost 5MC or 164 p to £ 33.86 yesterday.

Mr. Day, 55, has joined Reckitt as CFO in 2000, when the shares of the company have been commercial 810 p.Depuis, he and Chief Executive of Reckitt, Bart Becht - Executive more highly paid in FTSE 100 - have built a very profitable company, with brands such as visibility stain remover, dishwasher finish powder and Veet depilation cream.

"Reckitt probably had one of the best acts double CEO Chief financier in the FTSE 100 in the past six years", said analyst execution.

Reckitt said that Mr. Day left to pursue his roles administrator not directing advertising WPP company and the Group Engineering Amec.Mr. Day has already served as a non-exec Cadbury and easyJet, where it was once regarded as a potential candidate for the Chief Executive.

May also request a r?le.Dans President 2006 interview, he said: "finance people are cut to be, I think although administrators not exécutifs.Si I went down this road and then the ultimate ambition should be to take on a Presidency."

Mr. Day will remain on as Director funding until March 2011, in order to ensure a transfer to said douceur.Reckitt review outside of the company and in its ranks of replacement, indicating that "the succession management is an important business principle.

"The jury decided who is now a good time to appoint a successor who wish to focus on main function of Finance of the company in support of the next phase of growth of Reckitt Benckiser," stated.

Last week, Reckitt was fined £ 10.2 m for market on the sale of the Gaviscon, heartburn medicine abuse however, the company said Mr. Day departure was not linked to in any way.

Mr. Day was paid £ 1.7 m in 2009 and belonging to 424,682 actions at the end of the month of March, according to the company more recent annual report, which would be worth around £ 14.4 m.

Given that Mr. Day joined Reckitt, the company has made a number of important acquisitions later which supports SSL, Durex condoms and Scholl, footwear manufacturer for £ 2. 5bn, accepted in July.

The company purchased prescription of £ 1 93bn in 2006, Boots brands such as Nurofen analgesic cases to add and Clearasil tones crème.En December 2007 Reckitt announced that it has buy Adams respiratory therapy, owner of leading U.S. cold use Mucinex, for $2 United (£ 1 5bn).

Mr. Day has joined Reckitt of Aegis, where he was Finance Director for five years and before that he worked for De La Rue and ABB.

Reckitt is due to the results of third quarter report 2 novembre.Deuxième quarter profit increased 507 million from £ 414 million from £.


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