12 April 2019 by Will Date

Former Interserve director to head-up Cory

Dougie Sutherland, a former director of the outsourcing and construction firm Interserve, will replace Nicholas Pollard as the chief executive of Cory Riverside Energy.

Cory has moved swiftly to announce the appointment, having announced the departure of Mr Pollard, who has been the company’s chief executive since 2015, late last week.

Dougie Sutherland is to take the helm at Cory from April 23

Mr Sutherland, who had served as managing director of Interserve’s developments division, left the company in February 2019, having worked there since 2006.

Interserve was bought out by lenders in a pre-pack administration deal in March. The company had encountered problems within its energy from waste division, which led to its decision to pull out of that segment of the market in 2016 (see letsrecycle.com story).

The company has been involved in the development of several EfW facilities including Viridor’s delayed Glasgow Recycling and Renewable Energy Centre, and the Sinfin Resource Recovery Solutions plant in Derbyshire, which has been described as ‘significantly behind plan’.

Board

Mr Pollard and Mr Sutherland briefly served on the Interserve board together, with the Cory executive having been appointed as an independent non-executive director to the company in June 2018.

Cory, which operates the giant EfW plant at Belvedere, was acquired in June 2018 by a consortium of long-term infrastructure investors, comprising Dalmore Capital, Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers.

Mr Sutherland will join the company from 23 April, with his priority likely to be advancing the company’s plans to develop a second energy from waste plant at Belvedere (see letsrecycle.com story).

Cory’s plans for a new energy from waste plant will be a top priority for the incoming chief executive

John Barry, chair of Cory, said: “We are delighted to welcome Dougie Sutherland at this exciting next stage of Cory’s development. I am confident that Dougie’s experience and drive to deliver impactful results, alongside his public service credentials, make him the perfect fit for Cory. We wish him well in his new role and look forward to working with him in the years ahead.”

Mr Pollard, commented: “I wish Dougie well in his new role at the helm of Cory. The shareholders’ selection of Dougie reflects the wealth of infrastructure experience that makes him well placed to take Cory forward in addressing London’s waste capacity gap.”

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