Appointment of Sarosh Mistry as Rentokil Non-Exec Director
Rentokil Initial has appointed Sarosh Mistry to its Board as a Non-Executive Director with effect from 1 April 2021.
Mistry, who will also become a member of the company's Remuneration Committee and the Nomination Committee from this date, has extensive experience as a senior executive, driving organic and inorganic growth in business-to-business services, especially in North America. He has deep experience of building businesses across the healthcare, retail, facilities management, hospitality, financial services and consumer technology industries, including innovation-led growth, service line extensions and new country entries (including emerging markets in Latin America and Asia). His executive experience has been in complex, geographically dispersed and multi-site businesses operating globally.
Currently the Chairman of Sodexo's North American services, which include clinical technology in health care settings, SaaS-based digital ecosystems, and food-focused delivery, Mistry also serves as the CEO of Sodexo's global Home Care Services business and a member of the listed group's executive committee. Prior to joining Sodexo in 2011, he worked in senior roles in major business-to-business and consumer organisations Compass, Starbucks, Aramark and Pepsico. Sarosh has a Bachelor's degree from St John's University, and a MBA from the A. Gary Anderson Graduate School of Management.
Announcing the appointment, Richard Solomons, Rentokil Initial Chairman, said:
"We are delighted to welcome Sarosh to the Board of Rentokil Initial. He has a track record of leading transformative growth and success in major support services businesses in our largest market, North America, as well as globally. We are confident that his experience and personal qualities will enable him to make a strong contribution to the Board."
Rentokil Initial has also announced additional changes after receiving notice that Angela Seymour-Jackson, Non-Executive Director and Chair of the Remuneration Committee who has served on its Board for 9 years does not intend to stand for re-election at the Company's AGM on 12 May 2021 and will, therefore, retire as a director upon the conclusion of that meeting.
Cathy Turner, a Non-Executive Director and member of the Remuneration Committee since April 2020, will succeed Angela as Chair of the Remuneration Committee.