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Last Updated: Monday, 7 February, 2005, 13:11 GMT
Rentokil gets new chief executive
Rentokil van
Rentokil had a "difficult" 2004
Hygiene-to-security group Rentokil Initial has appointed a new chief executive as the firm seeks to revive its fortunes.

Doug Flynn, the former head of marketing services group Aegis, will lead the firm, filling a post which has been vacant since July last year.

Rentokil lost both its chairman and chief executive in 2004 following poor results and a profit warning.

In November, it said profits would fall further because of tough trading.

"Clearly it has been a difficult last year or so but I think there is a fabulous opportunity to return this company to its glory days," Mr Flynn said.

Rentokil's share price plunged in May 2004 when the firm issued a profit warning and ousted chairman Sir Clive Thompson.

Sir Clive was once dubbed 'Mr 20%' during his time at Rentokil for his profits growth record.

Chief executive James Wilde left in July with new chairman Brian McGowan saying "a fresh pair of eyes" was needed.





SEE ALSO:
Rentokil warns of tough outlook
30 Nov 04 |  Business
Rentokil dashes hopes of break-up
26 Aug 04 |  Business
Rentokil chief executive to leave
27 Jul 04 |  Business
New Rentokil boss promises review
27 May 04 |  Business
Rentokil slumps on profit warning
19 May 04 |  Business


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