REG - Rentokil Initial PLC - Directorate Change: Appointment of NEDs

Rentokil InitialAnnouncement

07/05/2025 07:02

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RNS Number : 5794H  Rentokil Initial PLC  07 May 2025

7 May 2025

Directorate Change: Appointment of Non-Executive Directors

Rentokil Initial plc (FTSE: RTO, NYSE: RTO, "the Company") today announces the
appointment of two new Non-Executive Directors, effective 1 June, 2025.

These appointments will strengthen the Board by adding recent leadership
experience in North American multi-site business-to-business and
business-to-consumer companies, as well as adding deep expertise in brand
building, consumer marketing and digital customer acquisition.

Leanne Sheraton most recently served as Chief Marketing Officer (2022 - 2024)
for PayPal Holdings, Inc., a global leader in fintech. Leanne was responsible
for leading marketing across all of PayPal's brands and transformed the
marketing function into a growth engine for the organisation. She introduced
new channels, capabilities and partnerships, driving a step change in new
customer acquisition and growth in customer value. Leanne began her extensive
career with PayPal in 2013, joining as Director of Marketing and going on to
hold a number of leadership roles over the next decade. Prior to PayPal,
Leanne held leadership roles in Marketing and Sales for global brands
including Nestle, Yahoo and Qantas.

Sam Mitchell is the former Chief Executive Officer of Valvoline Inc. (2016 -
2023). Valvoline is the North American leader in automotive maintenance and
operates and franchises more than 2,000 locations across the US and Canada.
Sam served as President of Valvoline since 2002 and led Valvoline's spin out
from Ashland Inc through its IPO on the NYSE in 2016. Sam joined Ashland in
1997 and his experience includes marketing, brand management and general
management.

Rentokil Initial is also announcing today that two current Non-Executive
Directors will be stepping down from the Board. Linda Yueh enters her ninth
year of service with the Company in 2025 and will not be standing for
re-election as a Non-Executive Director at the 2026 AGM. Due to demands on his
time, Sarosh Mistry has decided to step down as a Non-Executive Director on 31
July 2025.

Richard Solomons, Chair, said:

"I am delighted to welcome Leanne and Sam to the Board as Non-Executive
Directors. They bring significant experience in marketing, brand development,
digital customer acquisition strategies, and leadership of multi-site
businesses in the North American market. Their skills and experience will
greatly benefit the Board and support our management team as they execute our
plans, particularly in North America.

"I would also like to thank Linda and Sarosh for their commitment and
dedication to Rentokil Initial and their valuable advice and counsel during
their time on the Board."

Sam Mitchell will become a member of the Audit Committee and Leanne Sheraton
will become a member of the Remuneration Committee. Both new Non-Executive
Directors will join the Nomination Committee.

There are no further details to be disclosed relating to Leanne Sheraton and
Sam Mitchell under Section 6.4.8 of the UK Listing Rules.

Enquiries:

Investors / Analysts: Peter Russell, Rentokil Initial plc: + 44(0)7795 166 506

Media: Malcolm Padley, Rentokil Initial plc: +44(0)7788 978 199

 

 

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