UK pest control firm Rentokil names US-based CEO
Jan 13 (Reuters) - British pest control firm Rentokil Initial RTO.L named logistics firm OnTrac's Mike Duffy as its new chief executive officer on Tuesday, succeeding Andy Ransom in March upon his retirement.
Duffy, a U.S. citizen, will be based in North America, Rentokil's biggest market. Revenue in the U.S. has been picking up for the FTSE-100 company after a challenging period that Ransom steered the company through.
Rentokil's shares, which have quadrupled in value since Ransom became CEO in October 2013, were marginally up in early trading at 475.2 pence.
Duffy has held various leadership roles with large U.S. businesses in his 25 years-plus career in consumer-facing and business-to-business industries, including at FleetPride, a heavy-duty trucks parts distributor, and C&S Wholesale Grocers.
Outgoing CEO Ransom, who has been with the firm for about 18 years, also led Rentokil's $6.7 billion acquisition of Terminix in 2022, combining the two companies into a global leader in the pest control industry.
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensi
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
