CEO UPDATE: Reset, Refresh

CEO UPDATE: Reset, Refresh

With the 2019 financial year now at a close, I want to thank our partners – suppliers, contractors, clients and, most importantly, our people – for the contribution that you have made to the continuing success of Enviropacific. The business has undergone some significant changes over the past 6 months as we refresh and reset for the future.

Among the changes, we have:

  • Restructured the business under five key sectors (3 regional branches, major projects and Solve) for clear accountability performance management around Operations, Major Projects and our SOLVE Fixed facility in Victoria
  • Strengthened the depth of our management team for the next phase of growth with a renewed focus on business development and pre-contract activities
  • Bedded down changes to our Fuel Facilities group, which is now reporting to our Northern Regional Manager. The group has three operating units – Cadway professional services, national D&C Projects and Defence Maintenance
  • Continued our investment in systems and processes to ensure the business has better information faster for decision making and maintaining a disciplined focus on time and costs

I’m delighted to be able to report that following a major shutdown in June, SOLVE is now ready to ramp-up production to over 60,000 tpa to support the delivery of the Fitzroy Gasworks project in Victoria while maintaining services to the broader market.

We now have a solid platform and clear targets to achieve growth in our five core services; site remediation, water treatment, PFAS treatment, Solve and fuel facilities. We see sustainable markets for the long term and are confident in our outlook.

As we look ahead to the 2020 financial year, Health Safety & Environment (HSE) will remain a priority for us. We are developing our own set of Environmental Critical Risks & Standards and refreshing our Achiever Awards program as we step up our efforts to achieve our mission of creating safer and healthier environments.

Finally, our Chief Financial Officer David Richardson has advised his intent to leave the Company for personal reasons and relocate back to Perth. Our new CFO is Will Kidman, who will start on the 26 August, and who brings senior experience in ASX (CIMIC/UGL) and private equity environments, with an extensive track record in civil and industrial contracting.

Again, thank you for your efforts over the past financial year – you are one of the reasons Enviropacific continues to be Australia’s leading environmental engineering company. We look forward to working with you in the year ahead – and beyond.

– David Tucker, CEO – Enviropacific

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