Rentokil Initial Plc has appointed Rafael Carrasco as CEO of North America, effective August 2026, to drive growth and margin expansion.
Key Takeaways
- 1.Rentokil has appointed Rafael "Rafa" Carrasco, formerly of WM (Waste Management), as the new CEO of North America starting August 3, 2026.
- 2.Goldman Sachs maintains a Neutral rating with a 515p price target, viewing the hire as the final step in completing the leadership team.
- 3.Corporate focus will shift to execution, delivery of topline growth, and margin expansion to bridge performance gaps with peers.
Table of Contents
- About Mr Carrasco:
- Rentokil - Valuation & Key risks
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Additional disclosures required under the laws and regulations of jurisdictions other than the United States
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Subasini VaranasiHarshita Bhatter, CFA
Securities
RTO.LWMSRCLTerminix
Themes
Management SuccessionOperational Efficiency
Regions
North AmericaEuropeUnited KingdomUnited States