Renewi : appoints Non-Executive Chairman

Renewi appoints Non-Executive Chairman

Released : 09 Mar 2020 07:00:00

RNS Number : 2893F

Renewi PLC

09 March 2020

This announcement contains inside information

9 March 2020

Renewi appoints Ben Verwaayen as Non-Executive Chairman

Following Colin Matthews' decision to step down as Chairman, Renewi Group plc ('Renewi') is pleased to announce that it has appointed Ben Verwaayen as Non-Executive Chairman. Ben will join the Board and succeed Colin as Chairman with effect from 1 April 2020.

Ben Verwaayen has been CEO for a number of companies, including Alcatel-Lucent SA and BT plc. He held the position of Vice Chairman and Chief Operating Officer of Lucent Technologies Inc, was President of KPN Telecom and a Non-Executive Director of Bharti Airtel. He has also been Chairman for a number of companies and industry bodies including the CBI Energy and Climate Change Board in the UK. Ben currently serves as a Non-Executive Director on the Boards of OFCOM, Akamai Technologies Inc and Akzo Nobel NV. He is a Founding Partner at venture capital company, Keen Venture Partners LLP.

Ben Verwaayen brings a wealth of relevant skills to the Chairmanship of Renewi, including those gained from leading public companies in both the UK and the Netherlands, and experience particularly in energy and climate change policy and in growing companies in dynamic markets.

Allard Castelein, Senior Independent Director, said:

'We are delighted to welcome Ben to Renewi. Following a comprehensive search, the Board unanimously agreed that he is the preferred candidate. His leadership experience is extensive, he understands the importance of innovation as a disruptor of industries and he has had exposure to Climate Change which is invaluable to Renewi as we build on our goal to support Europe's transition towards a Circular Economy. We are confident Ben will play a key role in taking Renewi to the next stage of development.

On behalf of the Board I would like to thank Colin for his service as Chairman over the last four years. He played a key role in the acquisition of Van Gansewinkel by Shanks and the subsequent successful integration as we evolved the business into a leading waste to product company. We wish him well for the future.'

Ben Verwaayen said:

'I am very pleased to be joining Renewi at this time. The Company is well positioned to be a winner in the emerging Circular Economy. It has established strong partnerships with key customers and partners and continues to invest in circular technologies. I look forward to being part of a strong Board and working with the management team to help Renewi achieve its full potential.'

There are no other details to disclose under the FCA's Listing Rule 9.6.13.

For further information:
FTI Consulting	Renewi plc
[phone]	[phone] / [phone]
Richard Mountain Susanne Yule	Michelle James / Peter van Kessel

About Renewi

Renewi is a leading waste to product company that gives new life to used materials every day. We have more than 7,000 employees working at 174 operating sites across Europe. Our extensive operational network means we are always close to our customers.

For Renewi, waste is a state of mind, and an opportunity. Our many years of knowledge and experience, combined with a broad range of services, allow us to offer sustainable, practical recycling solutions. We use innovation and the latest technology to turn waste into useful materials such as paper, metal, plastic, glass, wood, building materials, compost and energy. In other words, we turn today's waste into tomorrow's raw materials.

The result of our work is less waste and contamination, a smarter use of scarce raw materials, and a reduction in carbon emissions. This means that we are contributing towards a cleaner, circular world in which we 'waste no more'.

Renewi was created in 2017, following the merger of Shanks Group plc with Van Gansewinkel Groep BV, and is listed on the London Stock Exchange and the Euronext Stock Exchange. Visit our website for more information:www.renewiplc.com.

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