REG - Rentokil Initial PLC - Directorate Change

Rentokil InitialAnnouncement

25/11/2024 07:00

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RNS Number : 4179N  Rentokil Initial PLC  25 November 2024

 

Directorate Change: Rentokil Initial plc appoints Paul Edgecliffe-Johnson as
new Chief Financial Officer. Current CFO Stuart Ingall-Tombs to retire.

 

Rentokil Initial plc (FTSE: RTO, "the Company") today announces that Paul
Edgecliffe-Johnson will join the Board as Chief Financial Officer on 1 January
2025, succeeding Stuart Ingall-Tombs, who is retiring and will step down from
the Board on 31 December 2024 after 17 years with the Company, most recently
as Chief Financial Officer for 4 years.

 

Paul Edgecliffe-Johnson brings 25 years' experience in finance and
international businesses, having most recently been CFO and a member of the
Board at Flutter Entertainment PLC. Prior to that he was CFO, Group Head of
Strategy, and member of the Board and Executive Committee at InterContinental
Hotels Group PLC ("IHG"). Before joining IHG in 2004, Paul was an Associate
Director, Corporate Finance at HSBC Holdings PLC.

 

Paul will join the Company on 1 December 2024 as CFO Designate as part of the
transition process. Following 1 January 2025, Stuart will continue to be
available to support a smooth handover to Paul, including assisting with the
completion of the Company's financial statements for the year ending 31
December 2024.

 

Richard Solomons, Chair, said:

 

"We are delighted to announce the appointment of Paul as the Company's new
Chief Financial Officer. After a robust selection process, we are confident
that he possesses the right skills and experience needed to lead our financial
operations and deliver business success. He is a seasoned financial executive
with over a decade of company CFO experience, including at IHG where we worked
together. Paul has a proven track record of driving profitable growth,
optimising financial performance and implementing strategic initiatives.

 

"On behalf of the Board, I would like to thank Stuart for his contributions to
Rentokil Initial over many years of committed service and to wish him a happy
and healthy retirement."

 

Andy Ransom, Chief Executive, said:

 

"I would like to thank Stuart for his unwavering commitment to Rentokil
Initial over the 17 years he has been with the Company. I wish him all the
best and hope he has a wonderful time in his retirement.

 

"I am delighted that we have appointed Paul as Chief Financial Officer. He has
an exceptional track record and reputation, and I am confident he will make a
significant impact in this critical role. I am really looking forward to us
working together, as his breadth of experience, along with the insights and
guidance he will bring, will be invaluable as we continue to execute our Right
Way Strategy in North America and across the rest of the Group."

 

Paul Edgecliffe-Johnson said:

 

"I am excited to join the talented team at Rentokil Initial and to contribute
to the growth journey of this global leader. I look forward to leveraging my
experience, while maintaining a strong focus on operational excellence,
financial discipline and value creation."

 

 

 

Notes:

 

1.     Stuart Ingall-Tombs will be treated as a good leaver by reason of
his retirement for the purposes of annual bonus and awards under the Deferred
Bonus Plan and Performance Share Plan in accordance with the Company's
Directors' Remuneration Policy and the relevant plan rules. Further details
will be disclosed on the Company's website in due course in compliance with
Section 430(2B) of the Companies Act 2006, and details will also be disclosed
in the Directors' Remuneration Report within the Company's Annual Report and
Accounts for the year ending 31 December 2024.

2.     There are no further details to be disclosed relating to Paul
Edgecliffe-Johnson under Listing Rule 6.4.8.

 

 

Enquiries:

 

Investors / Analysts: Peter Russell, Rentokil Initial plc: + 44(0)7795166506

Media: Malcolm Padley, Rentokil Initial plc: +44(0)7788978199

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