Laxman Narasimhan steps down as Reckitt Benckiser's CEO

Multinational consumer goods company Reckitt Benckiser on Thursday said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

The maker of Dettol and Lysol cleaning products said Narasimhan decided to leave for personal reasons to relocate back to the United States and has been approached for a new opportunity.

The company did not elaborate further.

Laxman will be replaced by current senior independent director Nicandro Durante, while the board "evaluates and selects the future leadership," the company said in a statement.