Rentokil Initial appointed Brian Baldwin to its board as a non-executive director effective Oct. 1. He will also become a member of the nomination committee and remuneration committee.
Baldwin is the head of research at Trian Fund Management, an investment management firm co-founded by Nelson Peltz. Baldwin has been a Trian Partner since 2013 and a member of Trian’s Investment Team since 2007. He has played leadership roles in many of Trian’s investments.
“We are delighted to welcome Brian to the Board of Rentokil Initial and we look forward to working with him to deliver long-term sustainable value for our shareholders and, in particular, executing our plans to integrate the Terminix business and to increase organic growth in our North America operations,” said Richard Solomons, chairman of Rentokil Initial. “We continue to work toward the substantial structural growth opportunities for our pest control business, enhanced by the benefits of the Terminix transaction.”
Baldwin has been a non-executive director of Janus Henderson Group plc since 2022 and currently serves on the board’s nominating and corporate governance committee and the risk committee.
“I welcome the opportunity to join the Board of Rentokil Initial. Trian believes Rentokil has significant potential and runway for growth that can be achieved by leveraging its strong brands and market leading positions, particularly in the US. I look forward to working with management and the board to identify options to help drive long-term value that will benefit all stakeholders,” said Baldwin.
About Trian Fund Management
Based in New York City, Trian Fund Management was founded in 2005 and describes itself as “a multi-billion dollar investment management firm with approximately 50 employees. Trian is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise. Leveraging the 40+ years’ operating experience of our founding partners, Nelson Peltz and Peter May, Trian seeks to invest in high quality but undervalued and underperforming public companies and to work collaboratively with management teams and boards to help companies execute operational and strategic initiatives designed to drive long-term sustainable earnings growth for the benefit of all shareholders.”
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