The average tenure for a CEO on a firm listed on London’s top share index is almost 6 years (Nick Ansell/ PA)
(Picture: PA Archive)The shock departure of Reckitt Benckiser’s chief executive did not just hit shares in the FTSE 100 company today -- it also took the number of CEOs announcing plans to leave firms on the main stock index this year to 17.
Laxman Narasimhan is heading back to his native US after just three years at the Slough-based maker of household-name consumer goods from Clearasil to Calgon. The move blindsided the City and sent Reckitt’s shares down by as much as 6%, putting changes at the top of the UK’s biggest firms into the spotlight.
