Appointment of Chief Executive Officer
01 Aug 2013
Rentokil Initial plc (LSE: RTO), the international support services company, today announces that Alan Brown, Chief Executive Officer, has decided to step down from the Company. After a thorough succession planning process, including an external search, Andy Ransom, currently Regional Managing Director and Executive Director, will succeed Alan as CEO on 1st October 2013. Alan Brown will step down from the Board on that date. He will remain available to support the business to ensure a smooth transition through to the end of January 2014.
Alan Brown joined Rentokil Initial in April 2008 as Chief Executive. Under his leadership, Rentokil Initial has undergone significant transformation to focus on its core international operations of pest control, hygiene, workwear and plants and has built substantial capability across all functions. It has expanded its geographical footprint significantly in North America, the world’s largest pest control market and established a presence in Brazil, China, Turkey, India and the Middle East. The company disposed of it's City Link parcels business in April 2013.
Andy Ransom joined Rentokil Initial in 2008 from ICI. He is Regional Managing Director of the West Region which includes all operations in the Americas, Middle East, Africa and parts of Europe. He also leads on M&A and Legal.
John McAdam, Chairman of Rentokil Initial plc, said: “I’d like to thank Alan for his major contribution to the Company. In 2008 we faced huge challenges. Alan has navigated us through many of them and today we are in a much stronger position to continue our international growth strategy.
“Andy is a natural successor and his experience in running our operations in the Americas, Africa, Asia Pacific and parts of Europe gives the Board every confidence in his ability to build on Alan’s achievements. He has a deep understanding of the Company, its global markets and growth opportunities. On behalf of the Board I wish him well.”
Alan Brown said: “I thank the Board, our shareholders and above all my colleagues for the great support they have offered me over the last five years. I am delighted that the Board has chosen Andy as my successor and I wish him every good fortune.”
Rentokil Initial plc's interim results will be published on 14th August 2013 as previously announced. The results are anticipated to be in line with expectations.
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