a2983v
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For
the month of December 2023
Commission File Number: 001-41524
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Rentokil Initial plc
(Registrant’s name)
________________________________
Compass House
Manor Royal
Crawley
West Sussex RH10 9PY
United Kingdom
(Address of principal executive office)
________________________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): ☐
North
American Management Changes dated 01 December 2023
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Rentokil Initial appoints Brad Paulsen as CEO, North America
Region
Rentokil Initial plc (LON: RTO, NYSE: RTO) ("the Company"), a
global leader in Pest Control and Hygiene & Wellbeing services,
announces the appointment of Brad Paulsen as CEO of its North
America Region. Brad will join Rentokil Initial in December and
will be a member of the Company's Executive Leadership Team. He
will report to Andy Ransom, CEO.
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Brad is currently the CEO for Rexel USA, a leading distributor of
electrical parts, services and solutions with over 450 US branches
and $7 billion in annual sales.
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He joined Rexel USA from HD Supply, where he served as the Chief
Operating Officer for one of the United States' largest MRO
(maintenance, repair, and operating products') distributors.
Prior to his time at HD Supply, he spent over nine years at The
Home Depot serving in various merchandising leadership
roles.
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Brad attended The United States Military Academy at West Point and
graduated with a Bachelor of Science in Economics.
Additionally, he holds a Master of Business Administration from
Vanderbilt University.
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Brad has served as a Non-Executive Director for Dot Family
Holdings, the largest food industry redistributor in North America,
for the past two years.
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The Company is also delighted to announce the appointment of Will
Lin as Vice President - Performance and Digital Marketing, North
America. Will is a highly-experienced digital marketeer with a
strong data and analytics background. He has joined recently from
Simplilearn (a global learning platform for digital skills), where
he was Chief Marketing Officer. Previous experience includes roles
at Rent.com (a Redfin company), VRBO (an Expedia company),
Microsoft and Hewlett-Packard.
Andy Ransom, CEO of Rentokil Initial plc, commented:
"Brad has gained significant leadership experience from his years
at Rexel, HD Supply and Home Depot, across a mix of multi-site
retail and route-based service organisations. We have a significant
opportunity for growth and value creation as we integrate Terminix
in North America and Brad brings a proven track record of
successful delivery. We're delighted to welcome him at this
exciting time for the Company."
Brad Paulsen said:
"I'm excited to be joining this world class company and very much
looking forward to working with John Myers (US Pest Control CEO)
and the team to deliver the integration, building on the strong
foundations that have already been laid, and using our strengths of
brilliant people, brands, innovations and technologies to drive
profitable growth and provide an even better service for
customers. I can't wait to get started."
For further information, please contact:
Investors / Analysts:
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Peter Russell, Rentokil Initial plc
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+44 7795 166 506
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Media:
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Malcolm Padley, Rentokil Initial plc
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+44 7788 978 199
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Cautionary statement
In order to utilise the 'safe harbour' provisions of
the U.S. Private Securities Litigation Reform Act of 1995
(the "PSLRA") and the general doctrine of cautionary statements,
Rentokil Initial plc ("the Company") is providing the following
cautionary statement: This communication contains forward-looking
statements within the meaning of the PSLRA. Forward-looking
statements can sometimes, but not always, be identified by the use
of forward-looking terms such as "believes," "expects," "may,"
"will," "shall," "should," "would," "could," "potential," "seeks,"
"aims," "projects," "predicts," "is optimistic," "intends,"
"plans," "estimates," "targets," "anticipates," "continues" or
other comparable terms or negatives of these terms and include
statements regarding Rentokil Initial's intentions, beliefs or
current expectations concerning, amongst other things, the results
of operations of the Company and its consolidated entities
("Rentokil Initial" or "the Group"), financial condition,
liquidity, prospects, growth, strategies and the economic and
business circumstances occurring from time to time in the countries
and markets in which Rentokil Initial operates. Forward-looking
statements are based upon current plans, estimates and expectations
that are subject to risks, uncertainties and assumptions. Should
one or more of these risks or uncertainties materialise, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. The Company can give no assurance that
such plans, estimates or expectations will be achieved and
therefore, actual results may differ materially from any plans,
estimates or expectations in such forward-looking statements.
Important factors that could cause actual results to differ
materially from such plans, estimates or expectations include: the
Group's ability to integrate acquisitions successfully, or any
unexpected costs or liabilities from the Group's disposals;
difficulties in integrating, streamlining and optimising the
Group's IT systems, processes and technologies; the availability of
a suitably skilled and qualified labour force to maintain the
Group's business; the Group's ability to attract, retain and
develop key personnel to lead the business; the impact of
environmental, social and governance ("ESG") matters, including
those related to climate change and sustainability, on the Group's
business, reputation, results of operations, financial condition
and/or prospects; inflationary pressures, such as increases in
wages, fuel prices and other operating costs; supply chain issues,
which may result in product shortages or other disruptions to the
Group's business; weakening general economic conditions, including
changes in the global job market or decreased consumer confidence
or spending levels; the Group's ability to implement its business
strategies successfully, including achieving its growth objectives;
the Group's ability to retain existing customers and attract new
customers; the highly competitive nature of the Group's industries;
cybersecurity breaches, attacks and other similar incidents;
extraordinary events that impact the Group's ability to service
customers without interruption, including a loss of its third-party
distributors; the Group's ability to protect its intellectual
property and other proprietary rights that are material to the
Group's business; the Group's reliance on third parties, including
third-party vendors for business process outsourcing initiatives,
investment counterparties, and franchisees, and the risk of any
termination or disruption of such relationships or counterparty
default or litigation; failure to maintain effective internal
control over financial reporting in accordance with Section 404 of
the Sarbanes-Oxley Act; any future impairment charges, asset
revaluations or downgrades; failure to comply with the many laws
and governmental regulations to which the Group is subject or the
implementation of any new or revised laws or regulations that alter
the environment in which the Group does business, as well as the
costs to the Group of complying with any such changes; termite
damage claims and lawsuits related thereto; the Group's ability to
comply with safety, health and environmental policies, laws and
regulations, including laws pertaining to the use of pesticides;
any actual or perceived failure to comply with stringent, complex
and evolving laws, rules, regulations and standards, as well as
contractual obligations, relating to data privacy and security;
changes in tax laws and any unanticipated tax liabilities; adverse
credit and financial market events and conditions, which could,
among other things, impede access to or increase the cost of
financing; the restrictions and limitations within the agreements
and instruments governing our indebtedness; a lowering or
withdrawal of the ratings, outlook or watch assigned to the Group's
debt securities by rating agencies; an increase in interest rates
and the resulting increase in the cost of servicing the Group's
debt; and exchange rate fluctuations and the impact on the Group's
results or the foreign currency value of the Company's ADSs and any
dividends. The list of factors presented here is representative and
should not be considered to be a complete statement of all
potential risks and uncertainties. Unlisted factors may present
significant additional obstacles to the realisation of
forward-looking statements. The Company cautions you not to place
undue reliance on any of these forward-looking statements as they
are not guarantees of future performance or outcomes and that
actual performance and outcomes, including, without limitation, the
Group's actual results of operations, financial condition and
liquidity, and the development of new markets or market segments in
which the Group operates, may differ materially from those made in
or suggested by the forward-looking statements contained in this
communication. Other than in accordance with the Company's legal or
regulatory obligations (including under the Listing Rules and the
Disclosure Guidance and Transparency Rules), the Company does not
undertake any obligation to update or revise publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise. Nothing in this announcement should be
construed as a profit forecast.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date:
01 December 2023
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RENTOKIL INITIAL PLC
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/s/
Catherine Stead
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Name:
Catherine Stead
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Title:
Company Secretary
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