In line with the Company announcement made on 26 July 2018, the Company confirms that Ian Wakelin formally stepped down from the Board as Chief Executive Officer on 28 September 2018 and Michael Topham was appointed as Chief Executive Officer and Richard Pike was appointed as Chief Financial Officer with effect from 29 September 2018.
The Company announces that Carol Chesney was appointed to the Remuneration Committee (“the Committee”) on 11 September 2018 and Ken Lever resigned from the Committee on that date.
As a result of these changes, the composition of the Board and the Board Committees with effect from 29 September 2018 will be as follows:
Ken Lever (Chair), Michael Averill, Carol Chesney, David Martin, Richard Pike and Michael Topham.
Carol Chesney (Chair), Michael Averill and David Martin.
Ken Lever (Chair), Michael Averill, Carol Chesney, David Martin.
Michael Averill (Chair), Carol Chesney and David Martin.
This announcement is made in accordance with Listing Rule 9.6.11.
1. Mr Pike’s Shareholding
Mr Pike’s total current shareholding in the Company is 205,588 shares, of which 30,588 were purchased on the 17 August 2018 prior to joining the Company and with the remaining 175,000 shares purchased on the 14 and 17 September 2018 and publicly disclosed on the 18 September 2018 in accordance with DTR 3.1.
1 October 2018
Tel: +44 (0)20 7457 2020
Biffa is a leading UK-based integrated waste management business. The Group operates across the breadth of the waste management value chain, including the collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities such as paper, glass, metals and plastic. Biffa’s customer base for these services includes local authorities (which includes the collection of waste from households), large corporates and SMEs, and purchasers of end-product commodities and energy. The Group’s services are organised across four operating divisions: Industrial & Commercial; Municipal; Resource Recovery & Treatment (RR&T); and Energy. In FY 2018, the Group’s total revenue was £1,076.7 million and its Underlying EBITDA was £150.0 million. Biffa was admitted to trading on the London Stock Exchange’s main market for listed securities in October 2016 under the ticker “BIFF”.
For more information visit www.biffa.co.uk