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{{short description|Indian businessman (born 1958)}}
{{Use dmy dates|date=March 2019}}
{{Use Indian English|date=March 2019}}
{{Infobox person
| name = Rakesh Kapoor
| image = 
| alt =
| caption =
| birth_name =
| birth_date = {{Birth date and age|1958|8|4|df=y}}
| birth_place = Bareilly, India
| nationality = Indian
| education = [[Modern School (New Delhi)|Modern School]], New Delhi, India
| alma mater = [[Birla Institute of Technology and Science]]<br /> [[XLRI- Xavier School of Management]]
| other_names =
| known_for =
| occupation = Businessman
| title = Former CEO, [[Reckitt Benckiser]]
| term = 2011 - September 2019
| predecessor = [[Bart Becht]]
| successor = [[Laxman Narasimhan]]
}}

'''Rakesh Kapoor''' (born 4 August 1958)<ref>{{cite web|url=http://www.dellam.com/english/RE/RECKITT%20BENCKISER%20HEALTHCARE%20(CIS)%20LIMITED.html | title=Reckitt Benckiser|publisher=Dellam |date=1 August 2012|access-date=3 November 2012}}</ref> is an Indian businessman. He was, until September 2019, chief executive (CEO) of [[Reckitt Benckiser]] plc, a UK FTSE-listed multinational consumer goods company, a major producer of health, hygiene and home products.

==Early life==
Kapoor was educated at [[Modern School (New Delhi)|Modern School]], [[New Delhi]], India.<ref name="indiatimes">{{cite news|url=http://articles.economictimes.indiatimes.com/2011-04-15/news/29421927_1_colin-day-appointment-uk | title=Reckitt Benckiser names India-born Rakesh Kapoor as global CEO |publisher=The Economic Times |date=15 April 2012|access-date=3 November 2012}}</ref> Kapoor has a BE (Hons) in Chemical Engineering from the [[Birla Institute of Technology and Science]] (BITS), [[Pilani]], and an [[Master of Business Administration|MBA]] from [[XLRI- Xavier School of Management]], [[Jamshedpur]], India.<ref>{{Cite web|date=2014-11-05|title=Rakesh Kapoor: the CEO of Reckitt Benckiser Group|url=https://www.jagranjosh.com/current-affairs/rakesh-kapoor-the-ceo-of-reckitt-benckiser-group-1415190590-1|access-date=2020-08-10|website=Jagranjosh.com}}</ref>

==Career==
Kapoor joined Reckitt & Colman in 1987, before the merger with Benckiser, 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 EVP, Category Development, with responsibility for global category management, research and development, media, market research and strategic alliances.<ref name="rb">{{cite web|url=http://www.rb.com/RB-worldwide/Executive-Committee#rkapoor|website=rb.com|title=Executive Committee - Reckitt Benckiser (RB)|access-date=31 July 2017}}</ref>

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. This issue of executive disclosures rose to prominence in 2008 when [[Carphone Warehouse]] co-founder [[David Ross (businessman)|David Ross]] had to resign after undisclosed use of £201 million in shares as collateral came to light.<ref>{{cite web|url=http://www.ft.com/cms/s/0/de0c5932-113a-11e2-8d5f-00144feabdc0.html#axzz2B8uEVx9X | title=Reckitt’s compliance needs a spring clean|publisher=The Financial Times |date=8 October 2012|access-date=3 November 2012}}</ref><ref>{{cite web|url=https://www.theguardian.com/business/2012/oct/08/reckitt-boss-pledged-shares-loan-disclosure|title=Reckitt boss pledged £6m shares for bank loan without investors being told|first=Simon|last=Bowers|date=8 October 2012|publisher=|access-date=19 July 2016}}</ref> According to The Daily Telegraph, "A spokesman for the company said the failure to disclose the loans to the market was not the fault of Mr Kapoor who had told the company of the situation."<ref>{{cite news| url=https://www.telegraph.co.uk/finance/9594781/Reckitt-comes-clean-over-millions-of-pounds-of-directors-share-deals.html | location=London | work=The Daily Telegraph | first=Jonathan | last=Russell | title=Reckitt comes clean over millions of pounds of directors' share deals | date=8 October 2012}}</ref>

In January 2019, Reckitt Benckiser announced that Kapoor is set to retire by the end of 2019.<ref>{{cite news |last1=Monaghan |first1=Angela |title=Durex owner’s £100m chief Rakesh Kapoor to step down |url=https://www.theguardian.com/business/2019/jan/16/reckitt-benckiser-chief-rakesh-kapoor-to-step-down |access-date=18 January 2019 |work=The Guardian |date=16 January 2019}}</ref> [[Laxman Narasimhan]], [[PepsiCo]]'s chief commercial officer, will succeed Kapoor as CEO in September 2019.<ref>{{cite web|url=https://www.telegraph.co.uk/business/2019/06/12/reckitt-poaches-pepsi-executive-new-boss/|title=Reckitt poaches Pepsi executive as new boss|first=Michael|last=O'Dwyer|date=12 June 2019|publisher=|access-date=14 June 2019|via=www.telegraph.co.uk}}</ref>

===Compensation===
His salary for 2015 was £23.2 million.<ref name=Guardian>{{cite news|last1=Treanor|first1=Jill|title=Prudential reveals highest-paid employee earned £15.5m last year|url=https://www.theguardian.com/business/2015/mar/31/prudential-reveal-highest-paid-employee-earned-155m-last-year-hsbc|access-date=31 March 2015|work=The Guardian|date=31 March 2015}}</ref> High Pay Centre spokesman Stefan Stern singled out an £18m share-based long term incentive payment (LTIP) to Kapoor for performance over three years to end of 2015.
“We think these LTIPs are hopelessly flawed instruments. They're for three years, which isn't really long term, so they're badly named.They are clearly skewed if they can generate results like this, with a near 100% increase in package.<ref>{{Cite web|url=http://www.theguardian.com/business/2016/apr/04/reckitt-benckise-paid-chief-executive-23m-last-year-rakesh-kapoor-share|title=Reckitt Benckiser paid chief executive more than £23m last year|date=4 April 2016|website=the Guardian}}</ref>

===Investor backlash===

In March 2014, in the wake of similar investor backlash protests over compensation for executives at [[Pearson PLC|Pearson]], [[Barclays Bank]], [[WPP plc|WPP]], which are also listed on [[FTSE 100 Index|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.<ref name="ft_2014_march_7">{{cite web | url=http://www.ft.com/cms/s/0/ac74d452-d61a-11e3-a239-00144feabdc0.html#axzz3uJIFHUnZ | title=Reckitt hit by shareholder revolt over pay plans | work=Financial Times | date=7 March 2014 | access-date=14 December 2015 | author=Daneshkhu, Scheherazade}}</ref>

==Personal life==
Kapoor is an accomplished bridge player and a keen football and cricket fan.<ref name="indiatimes"/>

==References==
{{Reflist}}

{{Reckitt Benckiser}}
{{Authority control}}

{{DEFAULTSORT:Kapoor, Rakesh}}
[[Category:1958 births]]
[[Category:Living people]]
[[Category:Businesspeople from Delhi]]
[[Category:Birla Institute of Technology and Science, Pilani alumni]]
[[Category:XLRI – Xavier School of Management alumni]]
[[Category:Reckitt people]]
[[Category:Indian chief executives]]

Rakesh Kapoor - Revision history

>Jmertel23: Filled in 1 bare reference(s) with reFill 2