31st May 2007 07:02
Shanks Group PLC31 May 2007 Company Announcement 31 May 2007 Shanks Group plc New Group Chief Executive The Board of Shanks Group plc, a leading European independent waste managementcompany, is pleased to announce the following Board changes. Group Chief Executive, Michael Averill, has an agreement with the companywhereby he could retire at age 57, an event now less than one year away. TheBoard therefore considered it prudent to commence a search for his replacementin good time and is delighted to announce the appointment to the Board of TomDrury (age 45) as Group Chief Executive Designate, with effect from 3 September2007. Michael Averill will stand down from his present position and resign fromthe Board on 30 September 2007, and at that time Tom Drury will assume Michael'srole. Michael will however be retained in an advisory capacity until May 2008. Following an early career with Unilever and PricewaterhouseCoopers, since 1991Tom Drury has had a distinguished career with United Utilities plc, and wasappointed a main Board director in 2005. In 1996 he was appointed ManagingDirector of Vertex, and until the recent sale of the business to US privateequity, was responsible for taking Vertex to a leading position in the UK'shighly competitive business process outsourcing market, with turnover of circa£400 million, over 9,000 employees, and a blue chip client base. The Board is delighted that Tom has agreed to accept the position of Group ChiefExecutive of Shanks, and we look forward to working with him. During his 13 years as Group Chief Executive Michael has successfully overcomemany challenges, and he will be delivering to his successor a strong company,which is well positioned to benefit from the rapid changes that are taking placein the waste management sector. The Board offers sincere thanks for hisleadership and contribution over the years and wishes him every success for thefuture. We confirm there is nothing to disclose in respect of Mr Drury pursuant toListing Rule 9.6.13 (2)-(6) For further information contact: Adrian AuerChairmanShanks Group plcTelephone +44 (0)1628 554920 Or Ginny PulbrookCitigate Dewe RogersonTelephone +44(0)20 7282 2945 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Renewi Plc