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Rentokil Initial (LON:RTO) plc (FTSE:RTO, NYSE: RTO), a global leader in pest control services, announced today that Andy Ransom, the company’s Chief Executive, plans to retire by the 2026 Annual General Meeting (AGM). Ransom has served on the Board for 17 years and as Chief Executive for the last 12 years. The company has initiated a search for a successor, led by Chair Richard Solomons.
Solomons expressed gratitude for Ransom’s significant contributions to Rentokil Initial’s success, positioning the company as a leader in the industry with sustainable growth prospects. He emphasized that the immediate focus is on improving the North American business performance, which has been underperforming, and ensuring a smooth transition to a new Chief Executive.
Ransom reflected on his tenure as a period of substantial growth for Rentokil Initial, establishing its global presence in pest control. He committed to concentrate on the North American operations and global expansion until a new Chief Executive takes over, ensuring the company is well-positioned for the future.
The announcement also included information on Ransom’s status as a ’good leaver’ regarding his retirement, which means he will be eligible for certain benefits under the company’s bonus and share plans, in line with the Directors’ Remuneration Policy. Further details will be disclosed on the company’s website and in the Annual Report and Accounts for the relevant year.
In addition to the CEO’s retirement, Rentokil Initial plc has appointed new Non-Executive Directors, with a separate announcement providing details.
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