Rentokil now pushes out its chief executive
Rentokil Initial yesterday parted company with James Wilde, chief executive, barely two months after showing the door to Sir Clive Thompson, the long-time chairman. The move increased speculation that an internal review now under way could lead to a restructuring, or even a break-up, of the FTSE 100 pest control and contract cleaning group that has a market value of GBP2.58bn. Brian McGowan, who will act as executive chairman until a successor is found for Mr Wilde, said Rentokil had not had a “fresh set of eyes at the top for 21 years”.
Mr Wilde, 51, became chief executive in January 2003. He had joined Rentokil in 1993 after its hostile takeover of Securiguard, where he was a director.
