Linda Rendle
Also at Clorox Co
About
Linda Rendle has been a dedicated leader at The Clorox Company since joining in 2003, steadily building her career through increasing levels of responsibility in sales, supply chain management, and broad operational oversight. Although her personal background and educational details are not provided, her professional journey clearly demonstrates a commitment to excellence and the ability to drive strategic initiatives.
Over the years, she progressed through key leadership roles, serving first in various sales and planning capacities before taking on major executive responsibilities. Her appointment as Chief Executive Officer in September 2020 marked a significant milestone, further reinforced by her assumption of the Chair role in January 2024.
Under her leadership, the company has implemented transformative strategies such as the IGNITE strategy focused on long-term growth and sustainability, highlighting her innovative approach to business management.
Beyond her contributions at Clorox, her involvement on external boards including Visa Inc. and the Consumer Brands Association underlines her broader influence in the consumer goods industry, reflecting her dedication to shaping effective strategic practices and sustainable business operations.
$CLX Performance Under Linda Rendle
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| The Clorox Company | President | May 2020 – September 2020 | N/A |
| The Clorox Company | Executive Vice President – Cleaning, International, Strategy and Operations | July 2019 – May 2020 | N/A |
| The Clorox Company | Executive Vice President – Strategy and Operations | January 2019 – July 2019 | N/A |
| The Clorox Company | Executive Vice President – Cleaning, Professional Products, and Strategy | June 2018 – January 2019 | N/A |
| The Clorox Company | Senior Vice President and General Manager – Cleaning and Professional Products | April 2017 – May 2018 | N/A |
| The Clorox Company | Senior Vice President and General Manager – Cleaning | August 2016 – April 2017 | N/A |
| The Clorox Company | Vice President and General Manager – Home Care | October 2014 – August 2016 | N/A |
| The Clorox Company | Vice President – Sales, Cleaning Division | April 2012 – October 2014 | N/A |
| The Clorox Company | Director of Sales Planning – Litter, Food & Charcoal | August 2011 – April 2012 | N/A |
| The Clorox Company | Director of Sales – Supply Chain | January 2010 – August 2011 | N/A |
| Procter & Gamble | Sales Management Positions | N/A | Held various sales management roles in Boston and Charlotte markets |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Consumer Brands Association | Vice Chair (Chair effective January 2024) | 2022 – Present | Vice Chair since 2022; Chair title effective January 2024 |
| Visa Inc. | Board of Directors | Since November 2020 | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,250,000 | Annually | Fixed base salary for fiscal year 2024 |
| Pension Plan | $56,494 | As received in FY2024 | Participation in The Clorox Company Pension Plan (frozen as of June 30, 2011) |
| Nonqualified Deferred Compensation Plan | - | As per plan terms | Executive Contributions: $173,506 , Registrant Contributions: $608,997 , Aggregate Earnings: $504,907 , Aggregate Balance at Last FYE: $7,257,487 |
| All Other Compensation | $713,384 | Annually | Includes 401(k) Plan: $34,600 , Nonqualified Deferred Compensation: $608,997 , Health Savings Account Contribution: $1,000 , Company-Paid Perquisites: $68,787 |
Performance Compensation
Annual Incentive Plan (AIP)
| Metric/Component | Details |
|---|---|
| Base Salary | $1,250,000 |
| Target AIP Award | 160% of base salary resulting in $2,000,000 |
| Performance Metrics & Weights | Net Sales: 50% , Net Earnings: 30% , Gross Margin: 20% , plus Individual Performance Goals via the Individual Performance Multiplier |
| Payout Multipliers | Company Multiplier: 0% to 200% , Individual Performance Multiplier: 0% to 150% |
| Final Payout Formula | Base Salary × Target AIP Award × Company Multiplier × Individual Performance Multiplier |
| Payout Outcome (2024) | $2,000,000 when multipliers are at 100% |
Performance Share Units (PSUs)
| Metric/Component | Details |
|---|---|
| Performance Metric | Economic Profit (EP) growth over a three-year performance period (fiscal years 2024–2026) |
| Vesting Conditions | Threshold: 0% vesting if minimum EP growth not met; Target: 100% vesting; Maximum: 200% vesting |
| Target Number of PSUs | 38,453 units |
| Maximum Number of PSUs | 76,906 units (200% of target) |
| Grant Date | November 14, 2023 |
| Grant Date Fair Value | $5,249,988 |
| Grant Date Stock Price | $140.39 per share |
| Vesting Schedule | Vesting occurs after the three-year performance period (2024–2026) contingent upon achieving EP growth targets |