Jonathan Short, founder of ECO Plastics, has resigned as chairman of the Resource Association (RA) to concentrate on his troubled firm.
The news comes within weeks of the company, one of Europe’s leading bottle recyclers, being bought out by Aurelius after one of its backers had written off its equity share.
Short will also be leaving the RA board and has arranged for fellow Peter Clayson of DS Smith to serve as acting chairman until the association’s annual meeting in May.
Short said it was important that the association had “an effective, focused and proactive voice to provide the leadership it needs”.
He added: “It is in the best interests of the RA and its members that it has at its helm a chairman who can make the necessary commitment to this influential organisation.”
Chief executive Ray Georgeson praised Short’s role in building the RA “into a strong and credible voice for the reprocessing and recycling industry”.
“On behalf of the board and the members, I would like to thank Jonathan for the time, hard work and support he has given to the association since it was founded over three years ago.
“We are naturally disappointed to see him go, but are in no doubt that he will play an important role in the association’s future as it goes from strength to strength.”