Heard to hand over ResourceCo chairmanship

The chairman of environmental solutions group ResourceCo, John Heard, will be stepping down from his position next month after over 22 years with the company. The integrated resource recovery business operates processing facilities which manufacture a wide range of recycled materials from various material streams.

ResourceCo has current sales of $130 million per annum and has been growing by an average 30% per annum for the last five years. The company has recently expanded beyond Australia, with international operations now established in Singapore and Malaysia and its materials distributed as far as Korea, Japan and Pakistan.

“I am very proud of the ResourceCo’s growth, the loyalty of its employees and its commitment to continuous improvement in the quality and range of its products,” Heard said.

Heard will be handing the baton to new chairman Andrew Poulter at the company’s board meeting on 3 June. Poulter brings 25 years’ experience as a senior financial executive in an international FTSE 100 group and large-cap Australian-listed companies. His previous roles include financial director for Lafarge Cement UK, chief financial officer for Adelaide Brighton Cement and chief financial officer of Boral.

Poulter said he will be looking to achieve continued controlled, sustainable growth for ResourceCo through further developing key strategic partnerships.

“We’ll be looking to grow ResourceCo’s reputation as a leading alternative fuel supplier globally,” he said. “While here in Australia we want to play a key role in the achievement of critical state and federal environmental targets, including zero waste and carbon emissions.”

ResourceCo’s growth is set to continue, through an expansive pipeline of projects ahead in both Asia and Australia. Heard said, “The company has ambitious plans to further expand in several key international markets, including Singapore, Malaysia and Philippines. Locally there are exciting projects presenting themselves all over Australia.

“Those expansions will require a much greater contribution from the board and management, making it the perfect time to bring new energy and vision on board,” he said. “Andrew is the right person, with the right credentials to lead the company’s future strategy.”

Image caption: ResourceCo Incoming Chairman Andrew Poulter, Chairman John Heard, Managing Director Simon Brown  and Director David McMahon.