Augean chief executive Stewart Davies has left the company by mutual consent, it has been announced.
The firm issued a statement on 16 October, along with a trading update that revealed a cost reduction programme of £1.7m in addition to cuts of £1.3m announced in September.
Augean is in an ongoing battle with HMRC over a disputed landfill tax bill of £1.9m. The disagreement is about whether sufficient tax was paid for the treatment and disposal of hazardous waste.
The trading statement said the impact of this and “continued weaker trading performance” will lead to lower than expected profits by the end of the year, and lower than profits seen in 2016.
Jim Meredith has been appointed as executive chairman, an expansion of his previous non-executive role.
Meredith said: “We wish Stewart well in his future endeavours and thank him for his efforts whilst chief executive of Augean.
“The group has been through a difficult period but I believe its underlying business remains strong and that our strategy and new board now in place will see the Group make solid progress.”