“The decision to separate the chairman and chief executive officer roles is consistent with Clorox’s commitment to strong corporate governance,” Mr. Sullivan said. “Now, more than ever, the Sarbanes-Oxley Act requires board chairmen to devote considerable time and attention to governance. Splitting the roles will allow Jerry to run the company and focus on the business, while Bob leads the company’s governance efforts.”As chairman of the board, Mr. Matschullat...