Clorox Co Del Stock Price, News & Analysis

Clorox (NYSE: CLX) announced that CFO Kevin Jacobsen will retire effective April 1, 2025, after nearly 30 years with the company. Luc Bellet, an 18-year company veteran and current treasurer, will succeed him as Executive Vice President and CFO, reporting to CEO Linda Rendle.

Jacobsen, who joined Clorox in 1995 and has served as CFO since 2018, was instrumental in driving the company's IGNITE strategy, portfolio evolution, and margin transformation efforts. He will continue in an advisory capacity until June 2025.

Bellet brings extensive experience across all aspects of Clorox's financial organization, including financial planning and analysis, internal audit, and business development. The transition comes as the company focuses on digital transformation and growth initiatives.

CloroxPro has released its 2024 Clean Index report, based on a survey of over 1,500 cleaning professionals and consumers. The report reveals significant trends in the cleaning industry: two-thirds of cleaning professionals reported their facilities are using eco-conscious cleaners, with 60% having set goals to increase their usage.

The study highlighted concerning workforce challenges, with 50% of cleaning professionals experiencing burnout in the past year, and nearly half reporting increased burnout levels over two years. A key issue is insufficient training, with 60% of professionals lacking confidence in their cleaning outcomes due to inadequate training programs.

Consumer insights show that 79% of consumers consider it important for businesses to provide disinfecting wipes, while over half remain concerned about germ exposure at work. The survey was conducted in September 2024, sampling 1,000 consumers and 511 cleaning industry professionals across Education, Government, and Healthcare settings.

Clorox (NYSE: CLX) has announced it will release its second-quarter fiscal year 2025 results on February 3, 2025. The company will follow a two-step announcement process:

1. At 1:15 p.m. PT / 4:15 p.m. ET, Clorox will post its press release and prepared management remarks on their website.

2. At 2 p.m. PT / 5 p.m. ET, the company will host a live Q&A audio webcast for analysts featuring Chair and CEO Linda Rendle and CFO Kevin Jacobsen.

Clorox reported significant achievements in FY2024, including the implementation of a streamlined operating model expected to generate $100M in annual cost savings. The company achieved an 82% teammate engagement score, surpassing Fortune 500 and industry benchmarks. Notable accomplishments include spending $202.8M with diverse suppliers (up $1.5M from FY2023), achieving pay equity for nonproduction teammates globally, and improving workplace safety with a 14.5% reduction in incident rates.

The company continues its $500 million digital transformation investment over five years, implementing a new ERP system starting in Canada and Global Finance, with U.S. implementation planned for FY2026. Clorox also launched Brand & Marketing University for technical upskilling and enhanced employee health benefits, focusing on preventive care initiatives.

The Clorox Change Makers initiative highlights employees who promote diversity, inclusion, and allyship within the company. The PR focuses on Mark Danis, a vice president in the legal team, who was nominated by Director Leah Farmer for his exemplary allyship practices. Danis is recognized for his ability to listen effectively, understand diverse perspectives, and create an inclusive environment.

Farmer emphasizes how Danis supports employees as whole persons, helping them leverage their diverse abilities while maintaining work-life balance. Danis shares his approach to allyship, which includes active listening, supporting teammates, and engaging with those outside typical work circles. He recommends participating in Employee Resource Groups (ERGs) and drawing out perspectives from quieter team members.

Hidden Valley Ranch marked its 70th anniversary with a nationwide volunteer campaign called 'Seven Communities for Seven Decades' focused on fighting food insecurity. The initiative mobilized employees across multiple U.S. locations to support local food banks and charitable organizations:

Key achievements include:

• Minneapolis: Packed 2,100 pounds of food providing 6,300 meals at Second Harvest Heartland
• Reno: Processed 1,300 pounds of food creating 1,000+ meals
• Wheeling: 75 teammates packed 300 food bags for Township Food Pantry
• Mason: Supported Freestore Food Bank's 47 million meals annual distribution
• Alpharetta: Assisted North Fulton Community Charities serving 875 families weekly

Clorox (CLX) has been recognized as a Frontrunner in the seventh Chemical Footprint Project Report by Clean Production Action. The company achieved this status by scoring over 80 points in the organization's survey, joining 11 other companies in this distinction. The assessment evaluated four key areas: management strategy, chemical inventory, footprint measurement, and disclosure and verification.

Since 2021, Clorox has participated in the Chemical Footprint Project to evaluate its domestic retail and professional cleaning product portfolios. The initiative helps companies measure and disclose data about product chemistries, demonstrating Clorox's commitment to chemical management transparency and safer alternatives.

Clorox commemorates Human Rights Day by highlighting its commitment to human rights and sustainable partnerships. The company has enhanced its supplier relationship management by implementing stronger environmental and social sustainability criteria in scorecards and contracts with priority suppliers, ensuring adherence to their Business Partner Code of Conduct.

The company continues to collaborate with various organizations including Action for Sustainable Derivatives, AIM-Progress, Earthworm Foundation, Global Shea Alliance, Responsible Mica Initiative, and Sustainable Coconut Partnership to advance social and environmental impact throughout their supply chain.

These initiatives reflect Clorox's dedication to fostering thriving communities through increased transparency and expanding their impact beyond their immediate operations.

Clorox has introduced the Helping Hands Award to recognize employees who volunteer in their communities. The first recipient is Dan Kellenberger, vice president and general manager of CloroxPro, who has been volunteering for 23 years since joining the company.

Kellenberger shares his experience working with organizations like the Alameda County Community Foodbank and Humble Design, which helps furnish homes for families transitioning from homelessness. He emphasizes that volunteering is integrated into professional responsibilities at Clorox Professional, where they actively encourage employees to support causes that matter to them.