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Rentokil appoints International CEO as it restructures into two divisions. Thu, 13th Aug 2026 11:04 (Sharecast News) - Rentokil Initial appointed Phil Wood as chief executive of its newly-formed international division on Thursday, as it restructured into two operating divisions, the other being the North American business. The international division will comprise Europe, UK, Ireland & Sub-Saharan Africa, Asia & MENAT, Latin America and Pacific and will be led by Wood with immediate effect. Rentokil said Wood is a "highly experienced" operator who has been with the company since 2006 and has led businesses in Europe, the Caribbean, Africa and the UK. "He has a proven track record of delivering growth and has a deep understanding of frontline pest control and hygiene operation," it said. His appointment as chief executive of International is in addition to his current responsibilities leading the UK, Ireland and Sub-Saharan Africa region, which he has done since 2009. Rentokil had already announced in May that Rafael Carrasco would be appointed CEO of North America with effect from 3 August. Most recently, Carrasco served as president of WM Healthcare Solutions and senior vice president of Strategy at WM, where he oversaw multi-site operations with over 200 branches and 10,000 corporate and field-based employees across the US, Canada, the UK, Ireland and Western Europe. The company also announced the appointment of Matt Jochim as group chief transformation officer with effect from 7 September. He will join the executive leadership team and report directly to the CEO. Rentokil said Jochim brings 30 years of experience leading large-scale business transformations across global multi-site businesses. He joins the group from McKinsey, where he served as partner and leader of the UK & Ireland Operations Practice, owning end-to-end operating transformations for major clients. Chief executive Mike Duffy said: "At its interims, London South East Limited outlined clear priorities to intensify customer focus, deliver sales and operational excellence and simplify the business. Today's appointments strengthen its capabilities to deliver on these priorities and drive profitable growth. Matt's deep expertise in multi-site transformations, Rafa's track record of success in route-based service industries and Phill's extensive experience within its frontline operations will be invaluable as London South East Limited execute its strategy with speed and excellence. "Our focus is now firmly on execution and delivering the improved performance we know this business is capable of through better customer outcomes, driving growth and the long-term shareholder value creation opportunity." At 1045 BST, the shares were down 1.4% at 354.70p. See latest RNS on Investegate Shares in this article. Rentokil Initial 354.70 -1.44%

Organisational structure update and leadership appointments. 13 Aug 2026 Rentokil Initial plc (the "Company") (FTSE: RTO / NYSE: RTO) today announces two executive appointments and a formalisation of its divisional operating structure to support the delivery of the Company's strategic priorities - to intensify customer focus, deliver sales and operational excellence, and simplify the business. Simplified organisation to support execution To support the delivery of its strategic priorities, the Company is formalising its structure into two operating Divisions: North America and International. The International Division will comprise Europe, UK, Ireland & Sub-Saharan Africa, Asia & MENAT, Latin America and Pacific. This builds upon the current financial reporting structure and creates clearer accountability for performance and execution across the Group, while enabling faster adoption of best practices in customer experience, sales effectiveness and operational delivery. It also simplifies the operating model and strengthens alignment against the Company's strategic priorities. Appointment of CEO of the International Division The Company is pleased to announce the appointment of Phill Wood as CEO of the newly formed International Division, with immediate effect. Phill is a highly experienced operator who has been with Rentokil Initial since 2006 and has led businesses in Europe, the Caribbean, Africa and the UK. He has a proven track record of delivering growth and has a deep understanding of frontline pest control and hygiene operations. He has also led the Company's Marketing and Innovation function for the last 18 months making significant progress in prioritisation and delivery of its innovation pipeline. This appointment is in addition to his current responsibilities leading the UK, Ireland and Sub-Saharan Africa region, which he has led since 2009. CEO of North America Division As previously announced, Rafael "Rafa" Carrasco joined the Company on 3 August as Chief Executive Officer, North America. Rafa has a distinguished track record of leadership in large-scale, route-based service industries, most recently serving as President of WM Healthcare Solutions and Senior Vice President of Strategy at WM (previously known as Waste Management, Inc.), where he oversaw multi-site operations with 200+ branches and over 10,000 corporate and field-based employees across the US, Canada, the UK, Ireland and Western Europe. Appointment of Group Chief Transformation Officer Rentokil Initial today also announces the appointment of Matt Jochim as Group Chief Transformation Officer, effective 7 September 2026. He will join the Executive Leadership Team and report directly to the Chief Executive. Matt brings 30 years of experience leading large-scale business transformations across global multi-site businesses. He joins the Company from McKinsey (2006 - 2026), where he served as Partner and leader of the UK & Ireland Operations Practice, owning end-to-end operating transformations for major clients. Prior to McKinsey, Matt spent five years at The Home Depot (2001 - 2006), where he held senior store and supply chain operating roles and managed critical transformations across store operations and inventory management. Matt's appointment further strengthens the Company's capability to drive operational improvement, simplify ways of working and accelerate execution across the Group. Mike Duffy, Chief Executive of Rentokil Initial plc, commented: "At its Interims, Rentokil Initial outlined clear priorities to intensify customer focus, deliver sales and operational excellence and simplify the business. Today's appointments strengthen its capabilities to deliver on these priorities and drive profitable growth. Matt's deep expertise in multi-site transformations, Rafa's track record of success in route-based service industries and Phill's extensive experience within its frontline operations will be invaluable as Rentokil Initial execute its strategy with speed and excellence. "Our focus is now firmly on execution and delivering the improved performance we know this business is capable of through better customer outcomes, driving growth and the long-term shareholder value creation opportunity." For further information, please contact: Investors / Analysts: Heather Wood, Rentokil Initial plc, +44 7808 098793 Jamie Lewis, Rentokil Initial plc, +44 7341 071944 Media: Malcolm Padley, Rentokil Initial plc, +44 7788 978199 About Rentokil Initial plc Rentokil Initial plc is a global leader in Pest Control and Hygiene & Wellbeing services. It employs c.63,400 people in 90 countries.

Rentokil ditches North American margin target, shares tumble. 365.40p. 11:56 30/07/26. Rentokil Initial tumbled on Thursday after the pest control firm ditched its margin target for North America and said it had seen some weakness in residential lead flow in the region towards the end of the second quarter and into July. 10,909.07. 5,929.27. 5,862.73. 11,120.42. The company said it was "retiring" its NA margin target of 20% in 2027 as it focuses on "driving volume growth over short-term margin expansion". "I am confident through this targeted redeployment we will, over time, accelerate organic growth and improve margins," said chief executive Mike Duffy. In the six months to the end of June, group revenue rose 6.7% to $3.6bn, up 4.5% at constant currency, with 3.6% organic revenue growth. Revenue from North America was up 4.3%, or 4.2% at constant currency, with 3.7% organic growth. The international segment saw revenue grow 10.7%, or 50% at constant currency. Rentokil said group adjusted operating profit rose 8.8% to $556m, with 10.4% growth in North America and 9.9% growth in International. CEO Duffy highlighted the importance of simplifying the business. "We have an overly complex operating model, spanning 90 countries and multiple service lines, that does not prioritise our highest opportunity markets and business lines sufficiently. We must also further optimise the cost base to improve margins and generate fuel for growth," he said. "Underpinning these priorities will be enabling its frontline. They are its brand and when they are engaged and feel valued, they go the extra mile. Sharecast need to make it easier for them to do what they do best - take care of its customers. "We have started to progress these priorities with a focus on North America where we have strengthened the leadership team, taken steps to establish a regional head office and training centre, and begun to standardise the operating model to include the planned segmentation of Commercial and Residential." Duffy said Rentokil had seen some weakness in North America residential lead flow towards the end of Q2 and into July, but the company still expects to deliver FY 2026 profit in line with current market expectations. At 1006 BST, the shares were down 17% at 367.69p.