Reckitt Benckiser CEO's Pay Rises on Bonus
April 02 2019 - 02:09PM
Dow Jones News
By Adria Calatayud
Reckitt Benckiser Group PLC's (RB.LN) Chief Executive Rakesh
Kapoor got a 69% pay increase last year thanks to a performance
bonus, the company said Tuesday in its annual report.
The owner of the Durex and Lysol brands said Mr. Kapoor's total
remuneration for 2018 rose to 15.2 million pounds ($19.9 million)
from GBP9.0 million a year before. This followed two years of
declines. His 2017 pay was originally set at GBP12.5 million, but a
fall in the company's share price reduced the value of his vested
shares.
Reckitt Benckiser said the increase was mainly due to a GBP3.4
million bonus reflecting the company's improved performance last
year. In 2017, Mr. Kapoor wasn't paid an annual bonus.
Mr. Kapoor's base salary for 2018 was unchanged year-on-year at
GBP945,209, Reckitt Benckiser said.
Reckitt Benckiser, whose other brands also include Air Wick
fresheners and Dettol cleaning products, in January said Mr. Kapoor
will step down at the end of 2019 after eight years leading the
consumer-goods company.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
April 02, 2019 13:54 ET (17:54 GMT)
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