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LONDON - Renewi plc, a prominent waste-to-product company, has announced the departure of its CEO, Otto de Bont, who has stepped down from his role. The company confirmed Monday that a successor would be named in due course.
De Bont has been credited with steering Renewi through a period of significant growth, cementing its reputation as a key player in the circular economy. Under his guidance, Renewi has broadened its customer base and enhanced its recycling services and production of circular materials.
Paul Mitchener, the incoming Chairman of Renewi’s Board, expressed gratitude for de Bont’s leadership, which he said not only transformed Renewi but also set industry standards for sustainability and circular economy practices. Mitchener highlighted de Bont’s influence in establishing Renewi as a leading recycler in Europe.
In his parting statement, de Bont reflected on his tenure positively, citing the advancement of recycling and circularity as rewarding aspects of his work. He expressed pride in the company’s transformation and its readiness for the future, with increasing demand for low carbon secondary materials.
Renewi’s business model focuses on converting waste into valuable new materials, aligning with global efforts to reduce resource scarcity and environmental impact. The company boasts a recycling rate of 66.2% from its operations, which is among the highest in Europe. In the fiscal year 2024, Renewi processed 6.6 million tonnes of low-carbon circular materials, which the company claims helped prevent over 2.5 million tonnes of CO2 emissions annually.
With over 6,000 employees and 150 operational sites across Europe, Renewi plays a significant role in the region’s recycling and circular economy, particularly in the Benelux region. The company’s departure from traditional waste disposal methods towards recycling and reuse is in line with both social and regulatory trends aimed at creating a more sustainable world.
This transition at Renewi’s helm comes at a time when the industry is undergoing rapid changes, with an increasing focus on sustainability and the circular economy. The information regarding de Bont’s departure is based on a press release statement from Renewi.
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