Rakesh Kapoor is an Indian businessman, Chief Executive of Reckitt Benckiser plc, a United Kingdom FTSE-listed multinational consumer goods company, a major producer of health, hygiene and home products.
Education
Kapoor was educated at Modern School, New Delhi, India. Kapoor has a Bachelor of Engineering (Honours) in Chemical Engineering from the Birla Institute of Technology and Science (Birla Institute of Technology and Science), Pilani, and an Master of Business Administration from XLRIXavier School of Management, Jamshedpur, India.
Career
Kapoor joined RB when it was known, pre-merger with Benckiser, as Reckitt & Colman in 1987, serving in various roles including: Regional Sales Manager, North India. General Manager, Indian Southern Region. And Regional Marketing Director, South Asia.
In 1999, he was appointed Global Category Director, Pest Control.
Following the merger, he assumed the role of Senior Vice President, Home Care. He was appointed SVP, Regional Director, Northern Europe in 2001 and in July 2006, he was promoted to Executive Vice President, Category Development, with responsibility for global category management, research and development, media, market research and strategic alliances.
Kapoor took over as Chief Executive Officer on 1 September 2011 from Baronet Becht, who had been in post since the company was created in 1999 through the merger of Benckiser with Reckitt & Colman. Following discussions with the Financial Services Authority, Reckitt Benckiser belatedly admitted in October 2012, that in 2010 Kapoor had secured a loan against £7.4m worth of shares in the company.
Such undisclosed loans are considered more likely to distort an executive"s behaviour than borrowings that are open and known to all.
" The requirement to disclose is to minimise any distortion in executive behaviour. Compensation
His salary for 2014 was £11.2 million. Investor backlash
In March 2014, in the wake of similar investor backlash protests over compensation for executives at Pearson, Barclays Bank, WPP, which are also listed on the The Financial Times Stock Exchange 100 Index — a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization — over 40 per cent of Reckitt Benckiser shareholders refused to support the company’s remuneration report.