(Sharecast News) - Rentokil Initial said on Monday that Stuart Ingall-Tombs will succeed Jeremy Townsend as chief financial officer.
The company, which announced in February that Townsend had decided to retire, said he will step down from the board on 14 August after 10 years in the role.

Ingalls-Tombs, who is currently CFO for North America, will take up the role on 15 August. He has been with Rentokil since 2007 and prior to his current role was CFO for Europe, and before that group financial controller and treasurer.

Chairman Richard Solomons 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."