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 January 2026
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): ☐
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Directorate
change dated 13 January 2026
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13 January 2026
Rentokil Initial plc appoints Mike Duffy as Chief
Executive
Rentokil Initial plc (LSE: RTO, NYSE: RTO) ("the Company") today
announces the appointment of Mike Duffy (Michael A.
Duffy) as Chief Executive
(CEO) and an Executive Director, effective 16 March 2026. He will
join the Company on 16 February 2026 as CEO
Designate.
Mike succeeds Andy Ransom, who will step down as CEO and Executive
Director on 16 March 2026 and will continue to work with the
Company to ensure a smooth transition ahead of the Company's AGM on
7 May 2026.
Mike, a US citizen, will be based in North America. He brings
25+ years of leadership experience with large US businesses across
B2B and B2C industries. Throughout his career, he has delivered successful
business transformations through initiatives to improve the
customer experience, employee engagement and financial returns.
These initiatives include optimising commercial strategy, deploying
technology to enhance the customer experience, and driving more
robust processes and culture.
Mike is currently CEO of OnTrac, an American logistics company
specialising in residential last-mile deliveries for e-commerce and
direct-to-consumer brands, where he has established a culture of
sales excellence and refocused the business on mutli-site
efficiency with investments in technology and best-in-class
operations. Prior to this he was the CEO of FleetPride, Inc., the
largest independent B2B distributor of parts and a full-service
provider for the US heavy-duty truck industry which under Mike's
leadership had over 350 locations across North America. Both OnTrac
and FleetPride are owned by the US-based private equity business,
American Securities LLC.
Richard Solomons, Chair of Rentokil Initial plc, said:
"We are delighted to announce Mike as our new Chief Executive. He
is a successful business leader with a deep understanding of
multi-site and route-based operations and customer acquisition
strategies. He 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.
"On behalf of the Board, I want to express our gratitude to Andy
for his enormous contributions and commitment to the Company for 18
years and especially during his successful tenure as CEO, steering
Rentokil Initial to become one of the world's leading services
businesses. We wish him all the very best for the
future."
Mike Duffy said:
"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. I admire Rentokil
Initial's commitment to its customers, its focus on innovation, and
the dedication of its people. There is an exciting opportunity
ahead to build upon the strong foundations in place to drive
operational excellence, improved financial performance and
incremental value for shareholders."
Andy Ransom said:
"It has been the greatest privilege of my career to lead Rentokil
Initial, and I want to extend my deepest thanks to every colleague
who has contributed to our success. We have built the world's
largest Pest Control business, which, together with our global
Hygiene and Wellbeing business, are a platform with the scale and
capabilities to drive future growth. I am immensely proud of what
we've accomplished, and I look forward to handing the baton over to
Mike and working closely with him to ensure a smooth
transition."
The Company will announce its financial results for the Full Year
2025 on 5 March 2026. Andy Ransom, CEO, and Paul
Edgecliffe-Johnson, CFO, will update the market, before Andy hands
over to Mike on 16 March 2026.
Notes:
Mike Duffy - Career Details:
2023-now: Chief Executive Officer,
OnTrac
OnTrac is an American logistics company that primarily services
e-commerce retailers and direct-to-consumer brands. Mike was
appointed CEO in March 2023, following OnTrac's acquisition by
LaserShip. He transformed operations to refocus on multi-site
efficiency and investments in technology. The business is primarily
residential, providing last-mile deliveries.
2021-2023: Chief Executive Officer, FleetPride, Inc.
FleetPride, Inc., is the largest independent distributor of parts
and a full-service provider for the U.S. heavy-duty truck industry
operating from over 350 locations by the end of Mike's tenure. Mike
delivered strong growth through network expansion, disciplined
pricing, and 25+ bolt-on acquisitions. He repositioned the
commercial strategy towards higher-margin services and developed an
industry-leading e-commerce platform.
2018-2020 Chief Executive Officer,
C&S Wholesale Grocers, LLC
C&S Wholesale Grocers, LLC is a leading US grocery wholesale
distributor delivering over 100,000 unique products to more than
7,500 grocery stores from 60 distribution centres across the US.
During his time as CEO, Mike simplified the business's portfolio
and redeployed capital towards core growth segments.
2006-2017 Cardinal Health, Inc.
● 2015-2017: President, Hospital
Solutions and Global Supply Chain, part of a $13bn revenue division, where Mike
focused on three major initiatives for its transformation: keeping
customers as the sole focal point of the organisation, achieving
cost leadership across the value chain, and leveraging best
practices and skills across the organisation. He also overhauled
Cardinal's brand strategy and expanded operations in Asia to fully
leverage growth opportunities, primarily in Malaysia, Singapore and
Shanghai.
● 2013-2015,
President, Medical Products
● 2006-2013,
Executive Vice President, Global Manufacturing and Supply Chain,
Medical
2001-2006: Vice President, Global Supply Chain, The Gillette
Company
1997-2001: Consultant, Supply Chain
and Operations, New York Consulting Partners
Inc.
Boards: Since July 2020,
Mike has served on the board of Republic Services, Inc., a publicly
listed waste management company with a market capitalisation of
$65bn, where he is a member of both the Audit and Sustainability
& Corporate Responsibility committees. He was a Board member as
CEO at C&S Wholesale. He is on the Board for FleetPride and
will step down from this role when he joins the
Company.
Education: He holds a
bachelor's degree in operations research and a master's degree in
transportation from the Massachusetts Institute of
Technology.
Remuneration: All
remuneration arrangements are in line with the shareholder approved
Directors Remuneration Policy (the "Policy"). Mike will receive an
annual salary of US$1,600,000 and will be eligible for an annual
bonus with a maximum opportunity of 225% of base salary and
long-term incentive plan awards with a maximum grant date value of
375% of base salary. He will also be eligible to receive benefits
and pension in accordance with the Policy.
In addition, the Company will compensate Mike for certain
remuneration he will forfeit as a result of leaving his current
role. He will be compensated for his 2025 annual bonus and
long-term incentive awards forfeited. He will receive a cash
payment in lieu of his annual bonus expected for 2025 once the
value has been confirmed.
In respect of the long-term incentive awards he forfeits, he will
receive three replacement awards over Rentokil Initial shares with
an aggregate maximum grant date value of US$3.98m. These awards are
broken down as follows: the first award will have a grant date
value of US$1.26m, and the second will have a maximum grant date
value of US$720k. For both of these awards, half will vest two
years after the relevant grant date and the other half will vest
three years after the grant date. The third award will have a grant
date value of US$2m and will vest three years after the grant date,
subject to the achievement of performance conditions related to
Rentokil Initial share price growth. All replacement awards will be
subject to clawback and malus provisions.
Mike will be subject to Rentokil Initial's minimum shareholding
requirement of 400% of salary and post-employment shareholding
requirements.
Full details of Mike's remuneration will be set out in the
Company's 2025 Directors Remuneration Report.
There are no further details to be disclosed relating to Mike Duffy
under Listing Rule 6.4.8.
For further information, please contact:
Investors / Analysts: Heather Wood, Rentokil Initial plc, +44 7808
098793
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 over 60,000 people in around
90 countries.
www.rentokil-initial.com
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.
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Date:
13 January 2026
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RENTOKIL INITIAL PLC
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/s/ Rachel Canham
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Name:
Rachel Canham
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Title:
Group General Counsel and Company Secretary
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