Energy-from-waste (EfW) company Cory Riverside has announced that Nicholas Pollard will step down from his role as chief executive on 23 April.
A statement from Cory said Pollard would be leaving to “pursue new opportunities” and the process for finding replacement was “at an advanced stage”.
Pollard was recruited to Cory at the end of 2015 to “shake things up”. This culminated in the company’s municipal business being sold to Biffa and its brokerage concerns sold to Reconomy.
Thirteen of its landfill sites were sold Armour Holdings Group. Then in June last year, Cory was sold to a consortium of long-term infrastructure investors including Dalmore Capital, Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers.
Speaking to MRW in 2017, Pollard said his job to that point had been taken up with “untangling” the constituent parts of Cory’s business to “ensure they were in great shape for somebody else to take on”.
Following the announcement of his departure, Pollard said: “Cory has transformed from an underperforming conglomerate of waste-related businesses into a focused, world-class EfW business. It has been a joy to lead this company, and to work with so many impressive and dedicated people across all parts of the business.
“I came into the role with little knowledge of EfW but I have become, and will remain, a firm advocate for this often-overlooked part of the energy sector.
“It has become clear to me that EfW has, in both the immediate and long term, a vital role to play in tackling the UK’s current waste capacity gap and preventing unnecessary harm to our environment. I am grateful for all that I have learned at Cory and look forward to following the company’s future successes from afar.”
Cory chair John Barry said: “We could not have asked for a better chief executive than Nicholas, who has led Cory through a hugely transformative period in its 123-year history and delivered it into the hands of long-term investors.
“We are grateful that he extended his tenure well beyond last year’s change of ownership to ensure a smooth transition, and we wish him all the best in his future endeavours.”
Before joining Cory, Pollard held senior positions at Railtrack and Network Rail, and executive positions in Skanska, Bovis Lend Lease, Navigant and Balfour Beatty. He currently serves on the CBI Infrastructure Board.
He is also continuing in his role as non-executive director for Interserve Group, after the company entered pre-pack administration.