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28 Nov 2008
Michael Murray has been appointed as Rentokil's CFO-in-waiting, replacing Andrew Macfarlane.
Murray will officially become a director and CFO of the pest control giant from 5 January 2009 and Macfarlane will stay on for a period to ensure a smooth handover.
News of Macfarlane's departure came a surprise to investors because no mention was made of it when chief executive Alan Brown delivered a third quarter results presentation earlier this month, which detailed a 73% drop in Q3 profits.
Alan Brown said: 'I am delighted that Michael Murray will be joining the company. Michael's operational skills and experience will make a significant contribution to Rentokil Initial's Operational Excellence agenda.'
Murray joins from GSL, a private equity owned support services company, recently acquired by G4S. Prior to that was chief financial officer of TNT Express, TNT's global express parcels division.
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