(“Biffa” or “the Group” or “the Company”)
Appointment of Non-Executive Director
13 December 2018
Biffa is pleased to announce that Gab Barbaro has been appointed as a Non-Executive Director of the Company with effect from 1 January 2019. Gab will also be a member of the Nomination Committee.
Gab is currently the UK Business Managing Director of the FTSE 100 group Centrica plc (a division trading as British Gas Business) where he is responsible for the financial and organisational management of a 2000 strong workforce and with revenues of £2bn, a position he has held since 2015 following his promotion from his role as Managing Director of British Gas Business Services. Prior to this Gab held a series of senior management roles in strategy including Head of Group Strategy at Centrica and Chief Risk Officer at Snowy Hydro in Australia, as well as various roles in consultancy firms including Boston Consulting Group and Accenture.
There is no information to be disclosed for the purposes of Listing Rule 9.6.13. Mr Barbaro does not currently hold any shares in the Company.
Ken Lever, Chairman, commented:
“I am delighted to welcome Gab Barbaro to Biffa. With a broad business background and wealth of strategy and e-commerce experience, Gab will be a valuable addition to the Board”
1. As a Non-Executive Director of Biffa, Mr Barbaro will receive standard annual fees of £50,000 per annum.
2. The Board has determined that Mr Barbaro will be an independent Non-Executive Director, in accordance with the UK Corporate Governance Code.
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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