Rentokil is reviewing its operations
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Services group Rentokil Initial is to lose its chief executive in the company's second boardroom change in as many months.
James Wilde's departure comes just two months after Rentokil warned on profits and ousted chairman Sir Clive Thompson.
New chairman Brian McGowan said Mr Wilde left because the board felt a "fresh pair of eyes" was needed.
The pace of reform at Rentokil would be stepped up following Mr Wilde's departure, Mr McGowan added.
"There was a real frustration down the line among much of the operational management," said Mr McGowan.
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Management is clearly in disarray
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"We needed to accelerate the speed of change and get things moving at a faster pace."
The results of a strategic review into Rentokil are set to be unveiled next month.
In recent years, Rentokil has been focusing its business on security services, facilities management, hygiene services and parcel delivery.
Change ahead
In May, Rentokil issued a profit warning, saying that business had been "extremely disappointing, with increasingly difficult market conditions".
It also parted company with chairman Sir Clive Thompson - once dubbed Mr 20% for his profits growth record.
Mr McGowan said that investor concerns had also been a factor in Mr Wilde's departure.
Rentokil's shares are the worst performer in the FTSE 100 this year, having lost a quarter of their value.
But analysts said the recent boardroom changes raised questions about the future direction of the firm.
"With Sir Clive Thompson, the then chairman, forced out in May and now James Wilde going, management is clearly in disarray," said Investec analyst Robert Morton.
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