Consumer goods conglomerate Reckitt has revealed its upcoming finance chief transition, with the current CFO, Jeff Carr, set to retire in March. Taking over the financial reins will be Shannon Eisenhardt, currently serving as the finance chief of Nike’s consumer, brand, and marketplace division.

According to Irishexaminer, the shift in leadership comes amidst a backdrop of strategic changes within Reckitt’s executive team.

Shannon Eisenhardt boasts an impressive track record, having previously held pivotal finance roles within Nike’s North American and emerging markets divisions.

Before her tenure at Nike, she accumulated nearly two decades of financial experience at Aussie shampoo manufacturer P&G, diversifying her expertise across various finance functions.

Eisenhardt is poised to assume her new role as CFO-designate at Reckitt Benckiser starting October.

Reckitt Benckiser’s recent financial performance has encountered challenges, highlighted by a 4.3% decline in sales volume during the second quarter. However, the company remains steadfast in its projection for group like-for-like net revenue growth, maintaining a target range of 3% to 5% for the year 2023.

This announcement comes in the backdrop of a broader trend observed across the consumer packaged goods sector, where companies like Reckitt Benckiser have grappled with elevated input costs.