Clorox Appoints New CFO As Kevin Jacobsen Retires After Three Decades

The Clorox Company CLX said that CFO Kevin Jacobsen will retire on April 1 after almost 30 years at the company.

Luc Bellet, who has been with Clorox for 18 years, will take over from Jacobsen as the new CFO.

Jacobsen, who has held the CFO position since 2018, was pivotal in driving the company’s IGNITE strategy and improving its financial results.

Jacobsen will continue to assist in an advisory capacity until his complete retirement in June 2025, ensuring a smooth transition with his successor, Luc Bellet.

“Our business is in a position of operational strength and we’re embarking on an important phase of growth through our digital transformation,” said Jacobsen.

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“Luc is the right leader to drive our business forward at this time, and I’m confident that his vast experience across all aspects of our business will enable continued growth and success.”

Bellet is currently serving as the company’s treasurer, and has held key leadership positions in areas such as financial planning, internal audit, and business development.

Starting April 1, he will be promoted to executive vice president and CFO, reporting to CEO Linda Rendle and joining the executive committee.

“We are fortunate to have a strong leader in Luc Bellet ready to step into this important role, which is a testament to Kevin’s continued development of his team and our thoughtful succession planning,” said Rendle.

In November, the company appointed Stephen Bratspies and Pierre Breber to its board of directors.

Price Action: Clorox shares are trading lower by 0.69% at $157.18 at the last check Wednesday.

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