Strategy & Operations » Leadership & Management » Colin Day bids farewell to Reckitt Benckiser

(Accountancy Age) Colin Day will walk away from Reckitt Benckiser in March, after 10 years with the cleaning products manufacturer.

Reckitt’s share price slumped about 3 percent on the news earlier today.

The 54-year-old chief financial officer will leave the FTSE 100 company to focus on his non-executive positions and other career interests, according to a statement to the stock market this afternoon.

Mr Day presided over the £1.96bn Boots Healthcare International acquisition in 2006 along with the £2.54bn takeover of the condom maker SSL in July.

Reckitt Benckiser board said now was a good time to appoint a successor keen to focus on leading the company’s finance function.

The board thanked Day for his significant contribution to the performance of the business and in particular his strong financial management.