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# Clorox Taps Unilever's Fabian Garcia As CEO, Backed By An $11 Million Sign-On Stock Award
- URL: https://www.bullished.co/clorox-taps-unilevers-fabian-garcia-as-ceo-backed-by-an-11-million-sign-on-stock-award-ac4856d5/
- Published: 2026-10-29T11:31:11.000Z
- Updated: 2026-10-29T11:31:11.000Z
- Description: Garcia, 66, will draw a $100,000 salary, and Linda Rendle stays on as senior adviser through April 2, 2027.
- Author: Matteo Parrino
- Tags: SEC Filings, CLX, Industry: Consumer Staples

[Clorox](https://www.bullished.co/tag/clx/), the maker of Clorox bleach, Glad bags and Fresh Step cat litter, named Unilever executive Fabian Garcia its next CEO, with an offer that includes an [$11 million sign-on stock award](https://www.sec.gov/Archives/edgar/data/0000021076/000120677426000586/clx4708451-8k.htm?ref=bullished.co) to replace equity he forfeits by leaving his current employer. The board appointed him on October 28, effective January 5, 2027, the company said Thursday.

## A $100,000 salary, paid mostly in stock

Garcia, 66, will receive a base salary of $100,000\. His target annual bonus is $2 million, settled in company shares and prorated for fiscal 2027.

He also gets a long-term award with a target value of $4.55 million, pro-rated for the current fiscal year: 60% performance share units and 40% restricted stock units that vest ratably over four years. From September 2027, his target annual long-term award is $9.1 million.

The $11 million sign-on award, in restricted stock units, vests ratably over three years. It vests in full if he is terminated without cause or leaves for good reason.

Clorox will also use a peer-median salary, set initially at $1.25 million, to calculate severance and change-in-control benefits for senior executives. It will be reviewed annually.

## Rendle exits, Shattock takes the chair

Linda Rendle, who announced in May that she would step down for health reasons, remains chair and CEO until Garcia takes over. On January 5, 2027, she leaves the CEO job and the board, then serves as senior adviser through April 2, 2027, at her current $1.35 million base salary.

Her departure counts as a retirement under her outstanding long-term awards, which vest on their original terms. She gets no new equity during the advisory period.

Matthew Shattock, now lead independent director, becomes independent chair that day. He will receive a $225,000 chair retainer on top of regular director pay. Garcia joins the board.

Shattock said in the company's [press release](https://www.sec.gov/Archives/edgar/data/0000021076/000120677426000586/clx4708451-ex991.htm?ref=bullished.co) that Garcia has the vision to "build on the strong foundation Linda has established."

## From Unilever Personal Care to Clorox

Garcia is president of Unilever Personal Care, a role he has held since 2022, after joining Unilever in 2020 as president of North America. He was CEO of Revlon from 2016 to 2018 and held roles at Colgate-Palmolive from 2003 to 2016, including chief operating officer for global innovation and growth. Earlier he worked in global leadership roles at Procter & Gamble. He sits on the Wells Fargo board.

He takes over a company with about $6.7 billion in net sales in fiscal 2026, with cleaning products 44% of the total and Walmart and its affiliates 26%. Garcia said in the release that "there is more work ahead to strengthen performance."

Clorox reports first-quarter fiscal 2027 results Monday, November 2\. Rendle and CFO Luc Bellet will join the analyst call.

Rendle, not Garcia, will be on the November 2 call, and Garcia takes over on January 5, 2027.

Learn

- [Item 5.02: directors and officers leave or join, or executive pay is set →](https://www.bullished.co/learn/8-k-items-explained/#item-502-directors-and-officers-leave-or-join-or-executive-pay-is-set)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — CLOROX CO /DE/ (CLX)](https://www.sec.gov/Archives/edgar/data/0000021076/000120677426000586/clx4708451-8k.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit clx4708451-ex991.htm — CLOROX CO /DE/ 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000021076/000120677426000586/clx4708451-ex991.htm?ref=bullished.co) — SEC EDGAR
- [The Clorox Co. (NYSE:CLX) : Cases :: Law360](https://www.law360.com/companies/the-clorox-co/cases?ref=bullished.co) — law360.com
- [The Clorox Co. (NYSE:CLX) : Articles :: Law360](https://www.law360.com/companies/the-clorox-co?ref=bullished.co) — law360.com

### More on Clorox

- [Clorox Paid CEO Rendle $14,000,460 For Fiscal 2026 As Board Searches For Her Successor](https://www.bullished.co/clorox-paid-ceo-rendle-14-000-460-for-fiscal-2026-as-board-searches-for-her-successor-14b4c05d/)

[All Clorox (CLX) coverage →](https://www.bullished.co/tag/clx/)