|Howard Lack||Geoffrey Phillips|
United Kingdom-based Recycling Technologies has announced changes to its leadership board with the appointment of Howard Lack to chairman and Geoffrey Phillips as investor director.
Lack brings leadership experience within the commercial and finance sectors, while Phillips has extensive experience in the oil, gas and marine sectors, and has previously held a number of executive board appointments.
Lack worked in the commercial and finance industry for 35 years, holding prominent roles, including serving as director of the international finance group at Morgan Grenfell Bank before his role as director of investment banking for the Chase Manhattan Investment Bank. More recently, Lack has focused on funding technology startup companies and is a senior consultant with Turquoise, a London-based merchant bank specialising in energy efficiency and the environment.
Phillips has 40 years of experience at the senior level in both finance and commerce sectors. He also has held a number of board appointments as executive and nonexecutive director in public companies such as FastShip Atlantic, Abbot Group and Henry Ansbacher & Co. Ltd. Phillips also has relevant board experience in the waste industry through appointments in Ledwood Mechanical Engineering Ltd. and D.V. Howells Ltd.
Recycling Technologies says Lack and Phillips’ commercial and finance experience, along with their knowledge of industry markets, will prove beneficial to the company as it further develops the business and the RT7000, a machine incorporating a recycling chemical process that will be assembled on production lines and installed at material recovery facilities (MRFs) around the world.
Adrian Griffiths, Recycling Technologies CEO, says “We are thrilled that such high calibre executives are joining the board. Geoffrey has a wealth of experience both in senior level public companies and in the waste industry. It is also a real honour to announce the appointment of Howard Lack as our new chairman. Howard’s extensive experience in commercial finance will bring insight that will undoubtedly help the business as we forge ahead with our plans for 2017 and beyond.”
Lack says, “This is an important time for the company as we go forward into 2017. I am very excited to be part of this innovative organisation that is fast gaining recognition around the world. There is a tremendous opportunity to set our mark on the issues facing plastic waste and plastic in the ocean.”
Phillips adds, “I am delighted to be joining the board here at Recycling Technologies. This is a pivotal time in the company’s evolution as we seek to secure interest and further funding for the commercial RT7000 machine. Recycling Technologies’ objective is to contribute to the creation of a circular economy for plastics, which ultimately could dramatically reduce the negative impacts of plastic waste.”
The potential for Recycling Technologies’ to contribute toward tackling the problem of plastic waste is being recognised across the industry. Recycling Technologies has been shortlisted for a number of awards and recently was specially selected to exhibit at leading trade show Innovate 2016. Recycling Technologies says it also has been included in an initiative called Unreasonable Impact, the first international network of accelerators focused on scaling up entrepreneurial solutions to pressing societal and environmental problems.
Recycling Technologies is involved in the New Plastic Economy, an ambitious three-year initiative driven by the Ellen MacArthur Foundation to tackle global plastics issues, and together with partners is working to create a more effective global system for plastics.