Rentokil Stock Surges as Nelson Peltz Hedge Fund Executive Joins Board

Key Takeaways An executive of Nelson Peltz's Trian Fund Management was named to the Rentokil Initial board. Brian Baldwin, Head of Research at Trian, will join the board as a non-executive member on Oct. 1. Trian took what it called "a significant position" in Rentokil in June, which the company said totaled 2.26% of shares outstanding. American depositary receipts (ADRs) of Rentokil Initial (RTO) gained Wednesday when the pest-control company announced that an executive from activist investor Nelson Peltz' ...