Clorox Announces CFO Transition: Kevin Jacobsen to Retire, Luc Bellet Takes Helm

Clorox Announces a New CFO Amid Transition

The Clorox Company has officially announced the retirement of Chief Financial Officer Kevin Jacobsen, effective April 1, 2025, marking the end of his nearly 30-year tenure at the company. His successor, Luc Bellet, a seasoned executive who has dedicated 18 years to Clorox, will take on the responsibilities of CFO. The transition is set to ensure both stability and continuity in Clorox's financial leadership during a pivotal growth period.

Kevin Jacobsen joined Clorox in 1995 and has been instrumental in shaping the company's financial strategies since becoming CFO in 2018. Under his stewardship, Clorox implemented its IGNITE strategy—an initiative designed to streamline operations and enhance overall shareholder returns. Jacobsen's efforts have not only transformed the financial landscape of Clorox but have also resulted in significant margin improvements, setting a robust foundation for future growth.

Linda Rendle, Chair and CEO of Clorox, expressed her gratitude towards Jacobsen for his leadership, calling him a "change agent" who played a vital role in the company’s transformation. As Jacobsen prepares to step back from his role, he will continue to support Clorox in an advisory capacity until June, ensuring a smooth transition.

Luc Bellet's appointment marks a strategic decision for Clorox as the company enters a new phase focused on digital transformation and operational growth. Having served in various financial capacities within Clorox—including Treasurer, Financial Planning and Analysis, Internal Audit, and Business Development—Bellet is poised to drive the company’s initiatives forward with his comprehensive understanding of the business.

With a strong emphasis on innovation and sustainability, Clorox is navigating a competitive market landscape. The company's recent recognition as number one on Barron’s 100 Most Sustainable Companies list is testimony to its commitment to environmentally responsible practices, further enhanced by its robust dividend and investment strategies.

In her remarks, Rendle noted, “We are fortunate to have a strong leader in Luc Bellet ready to step into this important role.” She believes that his experience will be crucial in enhancing long-term shareholder value and fostering growth.

The announcement comes at a crucial juncture for Clorox, which has been reorienting its strategies to leverage growth while maintaining its core values of wellness and sustainability. As Clorox looks to the future, the integration of digital solutions across all facets of the business is essential for evolving consumer needs and preferences.

In conclusion, the changes in Clorox's executive leadership underscore the company's commitment to effective succession planning and the cultivation of talent from within. Jacobsen's legacy is marked by transformative leadership, while Bellet's induction into the CFO role signals a renewed focus on achieving long-term objectives amid an evolving market dynamic. Clorox remains dedicated to empowering consumers for a healthier life with its array of trusted brands, poised for success under new financial leadership.