Rentokil Initial Names Mike Duffy as New Chief Executive to Lead Next Growth Phase

An update from Rentokil Initial ( (GB:RTO) ) is now available.

Rentokil Initial plc has appointed US executive Mike Duffy as its new Chief Executive and Executive Director, effective 16 March 2026, with a transition period beginning when he joins as CEO Designate on 16 February 2026. Duffy, who will be based in North America, brings over 25 years of experience leading large US B2B and B2C businesses, most recently as CEO of logistics group OnTrac and previously FleetPride and C&S Wholesale Grocers, and is regarded by the board as well placed to drive multi-site operational efficiency, profitable growth and technology-led transformation across Rentokil’s global service network. He succeeds long-serving CEO Andy Ransom, credited with building Rentokil into the world’s largest pest control business and expanding its hygiene and wellbeing platform, and will be compensated in line with the company’s remuneration policy, including replacement awards for incentives forfeited on leaving his current role. The leadership change underscores Rentokil’s strategic focus on its North American market and on further operational and financial improvement, with Ransom and CFO Paul Edgecliffe-Johnson set to update the market on full-year 2025 results shortly before the handover in March 2026.

The most recent analyst rating on (GB:RTO) stock is a Buy with a £520.00 price target. To see the full list of analyst forecasts on Rentokil Initial stock, see the GB:RTO Stock Forecast page.

Spark’s Take on GB:RTO Stock

According to Spark, TipRanks’ AI Analyst, GB:RTO is a Outperform.

Rentokil Initial’s overall stock score is driven by strong technical analysis and positive corporate events, which indicate robust market momentum and strategic focus. However, the high P/E ratio suggests potential overvaluation, and financial performance highlights challenges in profitability and cash flow sustainability.

To see Spark’s full report on GB:RTO stock, click here.

More about Rentokil Initial

Rentokil Initial plc is a global leader in pest control and hygiene & wellbeing services, employing more than 60,000 people across around 90 countries, with a significant presence and leading position in the North American market.

Average Trading Volume: 6,592,681

Technical Sentiment Signal: Buy

Current Market Cap: £11.85B

See more insights into RTO stock on TipRanks’ Stock Analysis page.