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UPDATE 3-Reckitt picks PepsiCo man as CEO, going outside for first time

* Latest leadership change in sector facing challenges
(Adds analyst comments, detail, background, shares)

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/y636FmBdUB8/update-3-reckitt-picks-pepsico-man-as-ceo-going-outside-for-first-time-idUSL4N23J1GO