Viridor Chief Executive Colin Drummond is to retire, according to a Wednesday announcement from the Pennon Group, Viridor's parent company. Mr Drummond has headed up the group's non-water activities for 20 years at Viridor and its predecessor company and also serves as executive director at Pennon. Mr Drummond plans to stay on in his current position at the British waste management company until a replacement is found, after which he would continue to act as non-executive chairman of Viridor, according to Pennon. The group expects a successor to be named by the end of September 2013.
"[Mr Drummond's] leadership of Viridor and the development of its strategy have resulted in the company becoming one of the largest and best respected recycling, renewable energy and waste management busi-nesses in the UK. He has put in place the next stage of the company's strategy, securing a pipeline of energy from waste plants backed by public-private partnership contracts and associated planning permissions," said Pennon Chairman Ken Harvey.