REG - Rentokil Initial PLC - Directorate Change: Chief Executive to retire

Rentokil InitialAnnouncement

07/05/2025 07:00

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RNS Number : 5790H  Rentokil Initial PLC  07 May 2025

7 May 2025

This announcement contains inside information

Directorate Change: Rentokil Initial plc Chief Executive to retire

The Board of Rentokil Initial plc (FTSE: RTO, NYSE: RTO, "the Company") today
announces that Andy Ransom, Chief Executive, is to retire by the time of the
2026 AGM. After 17 years on the Board, 12 of which as Chief Executive, both
the Board and Andy agree that the time is right and the search for a successor
is already underway, led by Richard Solomons, Chair.

Richard Solomons, Chair, said:

"Andy has created a global leader in Pest Control and the Board thanks him for
his outstanding contribution. Rentokil Initial is well placed within an
industry that has attractive and sustainable growth drivers. The Company has
exceptional long term growth prospects but short term our priority is on
turning around the underperforming North American business. Andy is very
focused on this task and will ensure a smooth handover when a new Chief
Executive is appointed."

Andy Ransom, Chief Executive, said:

"It has been a great privilege to lead the growth of Rentokil Initial as Chief
Executive over the last 12 years and to establish it as a global leader in
Pest Control. I look forward to working with my successor in due course to
ensure a successful transition. For now, I am focused on executing our growth
plans in our North America business and expanding in our target markets around
the world, so as to leave the Company in the best possible shape for the
future. I would like to place on record my thanks to the tens of thousands of
colleagues whose hard work and commitment underpin both the many achievements
over the last few years and the great potential the Company has today."

Rentokil Initial plc also announces new Non-Executive Directors today. See
separate announcement.

Note:

 

Andy Ransom 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 relevant year.

 

Enquiries:

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

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

 

 

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