Peter Harf, the deputy chairman of the board at Reckitt Benckiser, has once again sold millions of pounds worth of shares in the firm, totalling £23m in just three days.
The company insists the director, who has occupied his position since 1999, isn't going anywhere just yet.
"He's made the sale for personal-professional reasons," the firm said.
"Crucially, the sale has nothing to do with Joh A Benckiser (JAB), of which he is chief executive. We have no reason to believe that JAB is planning to make any decisions relating to the firm and will continue to maintain its 15% stake in the company."
After selling £13.3m-worth of shares on Wednesday, Harf then sold another £9.37m-worth on Thursday.
The shares that Harf is selling were purchased before the 1999 merger between Reckitt & Colman and Benckiser.
Home shopping, educational and healthcare business Findel said its full year performance is expected to be in line with expectations as it holds board talks on the disposal of its healthcare unit. [8 Apr '13]
Findel, the home shopping and education materials supplier, took a hit after the firm said it was yet to see a sustained Christmas pick-up and was cautious about the remainder of the year. [27 Nov '12]
Home shopping, educational and healthcare business Findel said its turnaround actions helped it report a 7.9 per cent increase in first half sales, and while spending pressures remain, it is confident of further progress. [3 Oct '12]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.