After making an ‘outstanding contribution’ to the success of the firm, Mr Hellings will step down from full time commitment at the end of September 2012, the company announced today. He will then retire from Viridor and its subsidiary boards.
Under Mr Hellings’ leadership, Viridor has grown its turnover from £30 million in 1994 to well over £700 million today, with profits growing at a compound rate of 20% per annum between 2001 and 2011.
His departure coincides with Viridor’s relocation to its new head office development in Taunton. Mr Hellings will continue thereafter to serve on Viridor’s joint venture boards, including Viridor Laing (Greater Manchester) Limited, INEOS Runcorn (TPS) Limited and Lakeside Energy from Waste Limited.
Commenting on the announcement, Colin Drummond, Viridor’s chief executive and Pennon Board director, said: “I would like to thank Mike for his outstanding contribution to the success of our company. He has led Viridor through many years of strong growth and his role and influence in building such a successful business cannot be understated. My fellow directors and I, and I am sure the whole of Viridor, wish Mike every success for the....
