Clorox announces CFO retirement, names successor

The Clorox Company (NYSE:CLX), with a portfolio of well-known brands such as Brita, Burt’s Bees, and Pine-Sol, has been a pioneer in integrating Environmental, Social, and Governance (ESG) factors into its business reporting. In 2024, it was recognized as the No. 1 Most Sustainable Company by Barron’s for the second year in a row. The company currently offers investors a 3% dividend yield, and InvestingPro analysis reveals 10+ additional investment insights available to subscribers, including detailed valuation metrics and growth forecasts. The company currently offers investors a 3% dividend yield, and InvestingPro analysis reveals 10+ additional investment insights available to subscribers, including detailed valuation metrics and growth forecasts.

The Clorox Company, with a portfolio of well-known brands such as Brita, Burt’s Bees, and Pine-Sol, has been a pioneer in integrating Environmental, Social, and Governance (ESG) factors into its business reporting. In 2024, it was recognized as the No. 1 Most Sustainable Company by Barron’s for the second year in a row. The company currently offers investors a 3% dividend yield, and InvestingPro analysis reveals 10+ additional investment insights available to subscribers, including detailed valuation metrics and growth forecasts.

Linda Rendle, Clorox’s Chair and CEO, praised Jacobsen’s transformative role and leadership at the company. She expressed confidence in Bellet’s capabilities to continue the momentum, highlighting his extensive experience with Clorox’s financial operations, including his current position as treasurer.

Bellet, who has served in various leadership roles within Clorox’s financial organization, is set to become executive vice president and CFO on April 1, reporting directly to CEO Rendle. Jacobsen will maintain an active role as CFO until the transition and will subsequently serve in an advisory capacity until his retirement in June.

The company emphasized its operational strength and the upcoming phase of growth, particularly its digital transformation, as key areas where Bellet’s leadership is expected to drive future success.

The Clorox Company, with a portfolio of well-known brands such as Brita, Burt’s Bees, and Pine-Sol, has been a pioneer in integrating Environmental, Social, and Governance (ESG) factors into its business reporting. In 2024, it was recognized as the No. 1 Most Sustainable Company by Barron’s for the second year in a row.

This announcement is based on a press release statement from The Clorox Company.

In other recent news, Clorox has been the focus of several significant developments. The company reported impressive first-quarter earnings for fiscal year 2025, exceeding expectations with a considerable earnings per share beat and a robust 31% growth in organic sales. Analysts from TD Cowen, DA Davidson, and Jefferies have adjusted their stance on Clorox, with TD Cowen upgrading the stock from Sell to Hold and DA Davidson raising Clorox’s price target to $171.00.

Despite a strong first quarter, Clorox projects a low-teens sales decrease for the second quarter due to volume pull-forward but anticipates organic growth between 3% to 5% for the latter half of the year. UBS analyst Peter Grom reiterated a Neutral rating on Clorox stock with a steady price target of $176.00, forecasting the company’s fiscal second-quarter earnings per share slightly below the Visible Alpha consensus.

In addition to financial developments, Clorox has also expanded its board with two new directors, Stephen Bratspies and Pierre Breber, as part of its strategic efforts to enhance its leadership and growth. The company also announced a quarterly dividend of $1.22 per share, reflecting its commitment to shareholder value. These recent developments illustrate Clorox’s ongoing efforts to navigate the competitive landscape and deliver value to its investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.