New CEO of Cory Riverside Energy appointed by its shareholders
We are delighted to announce the appointment of Dougie Sutherland as the new CEO of Cory Riverside Energy. He will succeed Nicholas Pollard, the outgoing CEO who is stepping down after fulfilling his commitments to the company’s shareholders following the change in ownership in June 2018. Dougie’s appointment, effective Tuesday 23rd April 2019, marks a significant next step in Cory’s 123-year development.
Dougie brings over 20 years of infrastructure experience working across both the public and private sectors, most recently on the board of multinational infrastructure provider Interserve. He has developed and delivered major infrastructure projects and public service businesses and has valuable experience in the contracting and commissioning of Energy from Waste plants.
As CEO he will play a critical role in delivering future growth initiatives for Cory, including the current application for the proposed Riverside Energy Park. This is a Nationally Significant Infrastructure Project integrating a state-of-the-art energy recovery facility, anaerobic digestion facility, battery storage and solar photovoltaic array. Riverside Energy Park is designed to help deliver low-carbon energy solutions to London and the South East’s waste management infrastructure gap, ensuring less waste is exported or sent to landfill and providing power for a further 140,000 homes. He will further oversee the development, modernisation and additional capacity of Cory’s lighterage fleet operating on the River Thames.
The appointment comes following the acquisition of Cory Riverside Energy 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, and a successful £554m refinancing package completed in October 2018.
John Barry, Chair of Cory, commented, “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.”
Nicholas Pollard, outgoing CEO, 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.”