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

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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