Reckitt Benckiser plans to reorganise its business into two units - one for health and the other for hygiene and home products - in a bid to revive its sagging growth.
The maker of Durex condoms, Nurofen tablets and Dettol cleaners reported its weakest quarter in July, following a series of issues including a collapse of its South Korean business after a safety scandal, a failed product launch and a cyber attack.
The decision follows the June acquisition of US baby formula maker Mead Johnson, which will account for about half the health unit's sales.
Chief executive Rakesh Kapoor (pictured) will run the health unit, while Europe and North America boss Rob de Groot will be in charge of the health and hygiene business.
Reckitt said revenues fell 1% in the three months to September to £3.2bn.