Finance
UK pest control firm Rentokil names US-based CEO
Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
Rentokil Initial appoints Mike Duffy as CEO, succeeding Andy Ransom. Duffy will be based in North America, Rentokil's largest market.
Jan 13 (Reuters) - British pest control firm Rentokil Initial 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.
(Reporting by Rishab Shaju in Bengaluru; Editing by Janane Venkatraman)
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations and decision-making.
An acquisition is a corporate action where one company purchases most or all of another company's shares to gain control of that company, often to expand its operations or market reach.
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