The sudden departure comes in the wake of discussions about a possible management buyout of the company.
A statement from Wastelink said: “Fiona Lowry has left the company. She proposed to the board that she might lead a management and employee buyout of the company. However, this did not work out and so Fiona has decided to seek new challenges and resign from the company.”
 Fiona Lowry who has resigned as chief executive of Wastelink |
A management buy-out of the company would seem to have been an obvious possibility for Ms Lowry who in a previous position had been involved in a high-level buy-out of a BBC transmission service. It is unclear what the main owners of Wastelink, Duke Street Capital, would have thought of the idea of such a move for the company.
Wastelink said that it has a strong management team and continued to grow in the integrated services area. Meanwhile, a speedy appointment of a new chief executive appears unlikely. Wastelink said: “It is much too early to say how we will approach succession – we do have a strong team in place.”
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