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McAdam exit sparks chair search at Rentokil and UU

By Mark Kleinman, City editor
Two FTSE-100 companies with a combined market value of almost ?11bn are kicking off the search for new chairs as John McAdam, the veteran industrialist, prepares to step down after more than a decade at the helm.
Sky News has learnt that both Rentokil, the pest control and facilities management group, and United Utilities, the water company, have begun hunting successors to Mr McAdam, who joined both companies in 2008.
Boardroom search firms have been hired by both Rentokil and UU, City sources said on Tuesday.
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