Jeff Carr to retire as CFO; Shannon Eisenhardt named CFO Designate

Reckitt today announces that Jeff Carr (61), Chief Financial Officer (CFO) and Executive Director, has notified Reckitt of his intention to retire as of 31 March 2024. We are delighted to announce that Shannon Eisenhardt will join Reckitt on 17 October 2023, as CFO designate to succeed Jeff. Upon joining Shannon will also be appointed to the Board as an Executive Director.

Jeff has been instrumental in driving financial discipline, leading our world-class productivity programme, reducing our net debt, and driving sustainable long-term shareholder value. Jeff joined Reckitt in 2020 as we launched our transformation programme and has ensured its delivery despite the challenges of Covid and geo-political crises. His strong contributions will stand us in good stead during the next chapter for Reckitt.

Shannon Eisenhardt will join Reckitt from NIKE, Inc., the world’s largest athletic footwear and apparel company, where she currently serves as Chief Financial Officer of NIKE Consumer, Brand & Marketplace. In her role, Shannon leads the finance function for the NIKE geographies, the Global NIKE Direct business, which comprises NIKE-owned retail stores and its digital platforms, and Global Marketing. She also holds leadership responsibility for Global Business Planning, including Corporate Financial Planning and Analysis, and the Converse brand. Prior to taking on her current role, Shannon led Finance for NIKE North America, the company’s largest market, and NIKE Emerging Markets. Before joining NIKE, Inc. in 2015, Shannon spent close to two decades at P&G in a range of finance roles working at corporate, country and regional levels.

Chris Sinclair, Chairman of the Board, commented:

“On behalf of the Board and the entire company, I would like to sincerely thank Jeff for his excellent service to Reckitt. Jeff began his career in Reckitt and returned in 2020 because of his commitment to the company and the fantastic opportunity to grow its leading brands. He has been instrumental in driving our strategic and cultural transformation, embedding a strong capital allocation process and delivering a world-class productivity programme over the past three and a half years. He is a highly valued member of the Executive Committee and Board.”

“We are delighted to announce that Shannon will succeed Jeff as Chief Financial Officer. Shannon brings extensive experience across consumer and retail, having worked with some of the most globally recognised brands, and an impressive and highly relevant international background. Shannon is a proven strategic and operational leader with a track-record of building highly successful teams and delivering strong and consistent performance.”