Rentokil Initial Restructures Into Two Divisions, Names Wood to Lead International Operations
The UK-based pest control and hygiene services company creates North America and International divisions while appointing a new Chief Transformation Officer from McKinsey.
Restructuring to Drive Strategic Execution
Rentokil Initial plc has formalized its organizational structure into two operating divisions—North America and International—alongside three senior executive appointments aimed at accelerating the delivery of strategic priorities (6-K filing, 2026-08-13).
The move represents a shift from the company's current financial reporting structure and is designed to "create clearer accountability for performance and execution across the Group, while enabling faster adoption of best practices in customer experience, sales effectiveness and operational delivery" (6-K filing, 2026-08-13).
The International Division will comprise Europe, UK, Ireland & Sub-Saharan Africa, Asia & MENAT, Latin America and Pacific (6-K filing, 2026-08-13). Rentokil Initial, which employs approximately 63,400 people across 90 countries, operates as a global leader in pest control and hygiene services.
Leadership Appointments
Phill Wood has been appointed CEO of the newly formed International Division, effective immediately (6-K filing, 2026-08-13). Wood, who joined Rentokil Initial in 2006, brings experience leading businesses in Europe, the Caribbean, Africa and the UK. He has led the UK, Ireland and Sub-Saharan Africa region since 2009 and most recently spent 18 months heading the company's Marketing and Innovation function, where he made "significant progress in prioritisation and delivery of our innovation pipeline" (6-K filing, 2026-08-13). Wood will retain his current UK, Ireland and Sub-Saharan Africa responsibilities.
Rafael "Rafa" Carrasco joined the company on August 3 as Chief Executive Officer, North America, as previously announced (6-K filing, 2026-08-13). Carrasco comes from WM (formerly Waste Management, Inc.), where he served as President of WM Healthcare Solutions and Senior Vice President of Strategy, overseeing operations with "200+ branches and over 10,000 corporate and field-based employees across the US, Canada, the UK, Ireland and Western Europe" (6-K filing, 2026-08-13).
The company also announced the appointment of Matt Jochim as Group Chief Transformation Officer, effective September 7, 2026 (6-K filing, 2026-08-13). Jochim will join the Executive Leadership Team and report directly to Chief Executive Mike Duffy. He brings 30 years of transformation experience, most recently serving as Partner and leader of the UK & Ireland Operations Practice at McKinsey from 2006 to 2026. Prior to McKinsey, Jochim spent five years at The Home Depot in senior store and supply chain roles (6-K filing, 2026-08-13).
Strategic Priorities
Chief Executive Mike Duffy emphasized that the appointments align with priorities outlined at the company's interim results "to intensify customer focus, deliver sales and operational excellence and simplify the business" (6-K filing, 2026-08-13).
"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," Duffy stated (6-K filing, 2026-08-13).
According to MarginX data, recent insider activity includes purchases by BlackRock Investment Management (UK) Limited of 7,039,962 shares and 1,275,968 shares in separate transactions, as well as a 21,100-share purchase by Richard Solomons. The company is expected to report Q3 2026 results on November 6, 2026.
This article was generated by MarginX from the 6-K filing on 2026-08-13. It is not investment advice.