Management Change at City Lin

RNS Number : 7135X

Rentokil Initial PLC

10 December 2010

 

10 December 2010

Management Change at City Link

Rentokil Initial plc ("the Company") announces that Stuart Godman, Managing Director of City Link, has resigned from the business by mutual agreement.  Alan Brown, CEO of Rentokil Initial, has assumed day to day management responsibility for City Link until a successor has been appointed. 

The difficult trading conditions experienced by the business in Q3 are continuing in the run-up to Christmas and as a result City Link's full year performance is unlikely to improve upon the prior year. 

While the severe weather conditions over the last two weeks have had some impact, service levels have otherwise remained excellent as a result of continuing investment in technology and improvements to the network infrastructure. 

The Company's profit expectations for the full year remain unchanged, with the shortfall in City Link being largely compensated by performance elsewhere in the group.

- Ends -

Notes to Editors

Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa.  The company has some 68,000 employees providing a range of support services in over 50 countries.  Services include textiles and washroom services, pest control, tropical plants, parcels delivery and facilities services.

Enquiries:

Media enquiries:

Malcolm Padley, Rentokil Initial plc, [phone]

Kate Holgate, Brunswick Group, [phone]

Shareholder/analyst enquiries:

Katharine Rycroft, Investor Relations, Rentokil Initial plc, [phone]

 

END

 

 

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