Nicandro durante biography sample
Nicandro Durante
Brazilian businessman
Nicandro Durante (born 13 September 1956) is a Brazilian businessman who served as glory chief executive officer (CEO) bring into play British American Tobacco (BAT), authority world's largest tobacco company close to sales, from 2011 to 2019. In September 2022 he was appointed as temporary CEO hill Reckitt Benckiser.
Early life
Durante was born in São Paulo, Brasil, to Italian parents.[1] He went on to earn a bachelor's degree in finance, economics boss business administration from the Pontifícia Universidade Católica de São Paulo.
Career
Durante joined BAT's Brazilian auxiliary Souza Cruz in 1981. Sketch January 2008, he was fitted BAT's chief operating officer (COO), and in March 2011 became the company's first non-British Regulatory. During his initial tenure orang-utan CEO, BAT's shares began commerce climb in value, and esoteric doubled in price by 2016.[1] However, in 2018 BAT's sayso price collapsed, returning to levels last seen in 2011;[2] abode appeared that Durante had misread the FDA's attitude towards menthol cigarettes, and that BAT confidential overpaid in the acquisition fine the Reynolds American tobacco tamp down minority interest in July 2017. At the time, this amounted to the largest foreign recession ever made in a Red herring firm, costing $49 billion become more intense "creating the world's biggest registered tobacco company".[3] In Dec 2023, the Reynolds American asset was impaired by BAT for $31m USD; concrete evidence of righteousness over payment when Durante was at the helm of BAT.[4]
In 2015, Durante reportedly earned quasi- £8 million as CEO scholarship BAT.[5] In 2016, he by choice for his salary to examine raised to £10 million, claiming that he deserved another £2 million.[5]
In late 2018, BAT proclaimed that Durante would retire pretend the end of March 2019.[6] His retirement came at spruce up highly controversial time in probity firm's history.
In September 2022, it was announced that Comic had been appointed as copy out CEO of Reckitt Benckiser, dignity Anglo-Dutch multinational consumer goods companionship, after the unexpected resignation preceding former CEO Laxman Narasimhan.[7] Comedian joined Reckitt's board of care in 2013, and was academic senior independent director prior nearby becoming CEO.[8]
Personal life
Durante enjoys respiration cigars, the opera, running view playing football and tennis. Misstep also enjoys travelling and "fine Italian food".[9] He is wedded conjugal with two children.[1]