BIFFA chief Ian Wakelin

BIFFA chief Ian Wakelin

Ian can feel extremely proud of what he has achieved at Biffa

Chairman Ken Lever

Biffa grew underlying operating profit by 10 per cent to £81.2 million on 8.8 per cent higher revenue of £977.7 million in a year when it completed seven acquisitions.

More are planned for this year.

Chairman Ken Lever said: “Ian can feel extremely proud of what he has achieved at Biffa.

“He will be leaving a business in good health, the result of the growth strategy he and his colleagues have been implementing for the last eight years.”

Mr Wakelin said that he would leave “satisfied that we have achieved a great deal, including successfully bringing the business back to the stock market”.

He added: “I would like to thank all of my colleagues across the business for their support and commitment over the years.

“Biffa is a great business with a great future ahead of it.

“I wish Michael every success for the future as he takes the business on to a new and exciting stage in its development.”

Shares fell 6p to 2351⁄2p.

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