– UK, High Wycombe – Biffa PLC (LSE:BIFF), today announces that following a comprehensive external and internal search process, Ken Lever, non-executive Director and Chairman of the Audit Committee, has been appointed Chairman of Biffa with immediate effect. Ken has also been appointed as the Chairman of the Nomination Committee. As a result of being appointed Chairman, Ken will step down as the Chairman of the Audit Committee.
Ken was appointed to the Board of Biffa as a non-executive Director on 28 September 2016, and since then he has played a key role in guiding the Group in its early life as a listed company.
Having begun his career with Arthur Andersen, Ken has served as a director with publicly listed companies since 1987, including McAlpine, Tomkins and as the CEO at Xchanging. He is currently Chairman of RPS Group plc, Senior Independent Director of Vertu Motors plc and non-executive Director of Blue Prism Group plc.
David Martin, who was appointed Chairman on an interim basis on 29 September 2017 following the sudden death of Steve Marshall, will revert to his previous role as Senior Independent Director. He will also act as Chairman of the Audit Committee on an interim basis.
The Board has commenced a search for a further non-executive Director who has the relevant experience to be appointed to Chair the Audit Committee.
About Biffa:
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 2017, the Group’s total revenue was £990.4 million and its Underlying EBITDA was £137.7 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 : https://www.biffa.co.uk
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