Rentokil Initial Plc (LSE:RTO) said on Tuesday that it has appointed U.S.-based executive Mike Duffy as its new chief executive, effective 16 March, succeeding Andy Ransom, who will step down after more than 18 years with the group.
Duffy will join Rentokil Initial as CEO Designate on 16 February and will be based in North America. Ransom will continue to support the handover process through to the company’s annual general meeting on 7 May to ensure an orderly transition.
Duffy brings more than 25 years of leadership experience across both B2B and B2C sectors. He is currently chief executive of OnTrac, a U.S. logistics group focused on residential last-mile delivery. Prior to that, he served as CEO of FleetPride, where he oversaw a network of more than 350 locations across North America. Both businesses are owned by American Securities LLC.
“It is an honour to be appointed as Chief Executive of Rentokil Initial, a company with an impressive global footprint and a leading position in the North American market,” Duffy said in a statement.
Chair Richard Solomons said Duffy “has a proven track record of delivering profitable growth and transforming businesses and has the right skills and capabilities to enable Rentokil Initial to realise its full potential over the coming years.”
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