Clorox Announces Leadership Transition as CEO Linda Rendle Prepares to Exit


With an annual dividend yield of 5.16% as of May 29, The Clorox Company (NYSE:CLX) is included among the Dividend Aristocrats Ranked By Yield: Top 10 Stocks

Clorox Announces Leadership Transition as CEO Linda Rendle Prepares to Exit
Clorox Announces Leadership Transition as CEO Linda Rendle Prepares to Exit

On May 28, The Wall Street Journal reported that The Clorox Company (NYSE:CLX) CEO Linda Rendle will step down for health reasons after more than two decades with the company.

Clorox said it has begun a comprehensive search for its next chief executive. In the meantime, Rendle will remain in her role and continue leading the company. In a blog post, Rendle shared that she had been diagnosed with early-stage breast cancer and is now cancer-free. She made the following remark:

“While I am doing well, the side effects of my ongoing treatment to prevent recurrence have prompted me to think carefully about how I care for my health and family.”

Before joining Clorox, Rendle worked at Procter & Gamble, where she held a number of positions in sales management. She graduated from Harvard in 2000.

The Clorox Company (NYSE:CLX) manufactures and markets a wide range of consumer and professional products. Its portfolio includes well-known brands such as Brita, Burt’s Bees, Clorox, Fresh Step, Glad, Hidden Valley, Kingsford, Liquid-Plumr, Pine-Sol, and Purell. The company also sells international brands, including Chux, Clorinda, and Poett.

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