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    Rollins Inc (ROL)

    CEO Change
    Board Change

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    Rollins, Inc. is an international services company headquartered in Atlanta, Georgia, specializing in pest and termite control services for both residential and commercial customers. The company operates through a family of leading brands, including Orkin, HomeTeam Pest Defense, and Clark Pest Control, providing services across North America, South America, Europe, Asia, Africa, and Australia . Rollins' business activities are organized into three main service offerings: residential pest control, commercial pest control, and termite protection services . The company has seen consistent growth across all service lines, with significant contributions from each segment .

    1. Residential Pest Control - Protects homes from common pests such as rodents and insects, forming a significant part of Rollins' operations.
    2. Commercial Pest Control - Provides pest management solutions for various industries, including healthcare and food service, contributing to the company's growth in the B2B space.
    3. Termite Protection Services - Includes treatments and monitoring to prevent termite damage, with revenues recognized as services are performed.
    NamePositionStart DateShort Bio
    Gary W. RollinsExecutive Chairman of the BoardJanuary 2023Gary W. Rollins has served as a Director of Rollins, Inc. since 1981 and as Chairman of the Board since 2020. He was CEO from 2001 to 2022 and will transition to Executive Chairman Emeritus on January 1, 2025 .
    Jerry E. Gahlhoff, Jr.President and Chief Executive OfficerJanuary 1, 2023Jerry E. Gahlhoff, Jr. joined Rollins, Inc. in 2008 and has held various roles. He became CEO on January 1, 2023, having previously served as COO from 2020 to 2022 .
    Kenneth D. KrauseExecutive Vice President, CFO, and TreasurerSeptember 2022Kenneth D. Krause has been with Rollins, Inc. since September 2022. He previously held leadership roles at MSA Safety, Inc. and is a CPA with inactive status in Pennsylvania .
    John F. WilsonVice Chairman of the Board2020John F. Wilson has been a Director since 2013 and Vice Chairman since 2020. He has been with Rollins since 1996 and will become Executive Chairman on January 1, 2025 .
    Elizabeth B. ChandlerVice President, General Counsel, and Secretary2013Elizabeth B. Chandler joined Rollins, Inc. in 2013. She became Corporate Secretary in January 2018 and oversees Risk Management and Internal Audit since 2017 .
    Louise S. SamsLead Independent Director2024Louise S. Sams has been a Director since 2022 and was appointed Lead Independent Director in 2024. She was previously EVP and General Counsel at Turner Broadcasting System, Inc. .
    1. Given the significant investments you've made this year, do you expect organic growth to accelerate beyond the current 7% to 8% range next year, or is it becoming more costly to maintain these growth rates?
    2. Residential organic growth is at 5% year-to-date, slightly below previous years; how would you characterize the health of the residential consumer, and can you break down this growth between recurring revenue and one-time sales?
    3. With inflation cooling and CPI around 2.5%, do you plan to continue higher-than-normal price increases into 2025, and how might this affect customer retention and margin expansion?
    4. You've made substantial investments in sales staffing and marketing that have tempered margins this quarter; do you expect to achieve your target incremental margins on a long-term basis this year, or will these investments impact your margin expectations?
    5. Can you provide more details on your commercial strategy, specifically regarding plans to split the brands, add to the sales force, and create a second division, and how these initiatives will impact margins and leverage across your digital media channels?
    Program DetailsProgram 1
    Approval Date2012
    End Date/DurationNo expiration date
    Total additional amount16.9 million shares
    Remaining authorization11.4 million shares
    DetailsThe program allows for the repurchase of up to 16.9 million shares of the company's common stock, with no set expiration date.
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2028447.0 Credit Facility6.2 100.0 = (447.0 / 447.0) * 100

    Competitors mentioned in the company's latest 10K filing.

    • Rentokil, Ecolab, Anticimex, and numerous other regional companies
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2023 PresentCurrent auditor.
    Grant Thornton LLPN/AMarch 24, 2023 The Audit Committee conducted a competitive selection process and decided to appoint a new auditor after reviewing and evaluating proposals from participating firms.

    Recent developments and announcements about ROL.

    Corporate Leadership

      Leadership Change

      ·
      Dec 13, 2024, 11:20 PM

      John F. Wilson is transitioning from Vice Chairman to Executive Chairman of the Board, effective January 1, 2025. Gary W. Rollins will move from Executive Chairman to Executive Chairman Emeritus. Wilson will receive a $500,000 restricted stock grant and a $600,000 annual salary starting January 1, 2025. Rollins will maintain his current salary but will not receive equity or performance-based cash incentives .

      Board Change

      ·
      Dec 13, 2024, 11:20 PM

      On December 10, 2024, the Board of Directors of Rollins, Inc. approved a transition for John F. Wilson from Vice Chairman to Executive Chairman of the Board, effective January 1, 2025. Additionally, Gary W. Rollins will transition from Executive Chairman to Executive Chairman Emeritus .

      CEO Change

      ·
      Oct 23, 2024, 12:00 AM

      Gary W. Rollins, the current Executive Chairman of the Board, will transition to Executive Chairman Emeritus effective January 1, 2025. He will be succeeded by John F. Wilson, the current Vice Chairman, as Executive Chairman of the Board .