Rentokil Initial has announced that Stuart Ingall-Tombs will replace Jeremy Townsend as CFO.
Ingall-Tombs, is currently CFO of the company’s North America region and will replace Townsend from 15 August. Townsend has left the position of CFO after 10 years in the role to take up the position of non-executive director at Morrisons.
Ingall-Tombs has been with the company since 2007 and prior to his current role was CFO Europe and before that group financial controller and treasurer.
Richard Solomons, chairman, said: “Jeremy has made a significant contribution to Rentokil Initial over the last ten years. With Andy, he has been a critical factor in the transformation and success of the company over this period. After a thorough selection process, the board is pleased to have chosen Stuart as our next CFO.
“His international financial and commercial experience and deep understanding of the whole group will support him playing a critical role as we continue to execute our ‘right way’ strategy. On behalf of the board, I would like to thank Jeremy for all he has done for Rentokil Initial, to wish him well in his retirement, and we look forward to welcoming Stuart to the board.”
Andy Ransom, chief executive, said: “I am delighted that we have appointed Stuart as chief financial officer. I have worked closely with him ever since I joined the company in 2008, and Stuart has a wealth of knowledge and understanding of our business, including the key North America market.
“He also has strong leadership skills and a consistent track record of performance which I am confident will enable him to make a significant impact in his new role. I would like to thank Jeremy for all he has done for Rentokil Initial.”
He added: “I have worked side by side with Jeremy over the last 10 years and he has been a wonderful colleague, hugely committed to the company, providing great expertise, strategic insight and wise counsel to the board and the executive team.
“He has also shown great leadership of both the finance team, including the development of his successor Stuart, as well as leading the IT team as CIO for over five years. I will miss working with him but wish him all the best for his retirement and non-executive career.”