Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout

Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout Clorox shares tumbled on Friday after Chair and CEO Linda Rendle said she will step down for "health reasons," prompting the board to begin a search for her replacement. "Rendle will also serve in an advisory role for a period following the appointment to drive business performance and a smooth leadership transition," Clorox wrote in a press release. Rendle wrote in a statement, "Serving as CEO of Clorox for...

By Tyler Durden