Appointment of CEO

We are pleased to announce the appointment of Dr. Stewart John Rodney Davies as Chief Executive Officer with effect from August 2013.

Stewart (52) joins from Romec Ltd where he is Managing Director of this 51%-owned subsidiary of Royal Mail Group, the remaining 49% of shares are held by Balfour Beatty Workplace Ltd. He also holds the dual role of Managing Director for Balfour Beatty Technical Services. Stewart has over 27 years of experience in the industrial services sector, working in management positions at leading industrial groups such as Serco, Corus and Rugby Cement. Stewart is also a Governing Board Member on the Technology Strategy Board, the UK’s national innovation agency which aims to accelerate economic growth by stimulating and supporting business-led innovation.

As announced at the time of his resignation, Paul Blacker has remained as CEO during his notice period but it is intended that he will progressively step down from his role and leave the Group by the end of March. Paul has now handed over all day to day control of commercial and operational matters to Richard Allen, who will assume the role of Interim Chief Executive Officer until Stewart joins the Group. The Board has taken steps to strengthen the Group’s finance team during the interim period to ensure adequate resources are in place to enable Richard to focus on his interim role.

Commenting on the appointment Jim Meredith, Chairman said:

“We are delighted to welcome Stewart to the Board and we look forward to working with him. The Group carried out a rigorous selection process and Stewart stood out as the ideal candidate, both in terms of his track record and technical knowledge, to lead Augean during the next phase of the Group’s development and beyond. Once again I would like thank Paul for his contribution and wish him all the very best for the future.”

Commenting on his appointment Stewart Davies said:

“I am very excited about this opportunity. It is clear that the management team has done a great job in putting in place a strong platform for growth, with a number of significant opportunities to build on, and I look forward to working with them to enhance Augean’s reputation as a leading hazardous waste business.”

Stewart has held the following directorships during the last five years:

Romec Ltd
Romec Enterprises Ltd

M.D.P. Engineering Ltd
Fundare Ltd