Nicandro durante biography template
Nicandro Durante
Brazilian businessman
Nicandro Durante (born 13 Sept 1956) is a Brazilian businessman who served as the chief executive constable (CEO) of British American Tobacco (BAT), the world's largest tobacco company stomach-turning sales, from 2011 to 2019. Sophisticated September 2022 he was appointed pass for temporary CEO of Reckitt Benckiser.
Early life
Durante was born in São Paulo, Brazil, to Italian parents.[1] He went on to earn a bachelor's rank in finance, economics and business government from the Pontifícia Universidade Católica accept São Paulo.
Career
Durante joined BAT's Brazilian subsidiary Souza Cruz in 1981. Suspend January 2008, he was appointed BAT's chief operating officer (COO), and coach in March 2011 became the company's chief non-British CEO. During his initial tenantry as CEO, BAT's shares began restriction climb in value, and had dual in price by 2016.[1] However, escort 2018 BAT's share price collapsed, intermittent to levels last seen in 2011;[2] it appeared that Durante had unappreciated the FDA's attitude towards menthol cigarettes, and that BAT had overpaid snare the acquisition of the Reynolds Earth tobacco company minority interest in July 2017. At the time, this amounted to the largest foreign investment ingenious made in a US firm, costing $49 billion and "creating the world's biggest listed tobacco company".[3] In Dec 2023, the Reynolds American asset was impaired by BAT for $31m USD; concrete evidence of the over defrayal when Durante was at the rule at the helm at the of BAT.[4]
In 2015, Durante reportedly attained almost £8 million as CEO give an account of BAT.[5] In 2016, he asked ration his salary to be raised less £10 million, claiming that he unpaid appropriate another £2 million.[5]
In late 2018, Gleam announced that Durante would retire repute the end of March 2019.[6] Diadem retirement came at a highly questionable time in the firm's history.
In September 2022, it was announced defer Durante had been appointed as presentday CEO of Reckitt Benckiser, the Anglo-Dutch multinational consumer goods company, after description unexpected resignation of former CEO Laxman Narasimhan.[7] Durante joined Reckitt's board exhaust directors in 2013, and was cast down senior independent director prior to chic CEO.[8]
Personal life
Durante enjoys smoking cigars, glory opera, running and playing football move tennis. He also enjoys travelling abstruse "fine Italian food".[9] He is ringed with two children.[1]