Former Cory boss to chair Interserve’s construction business

UK: Nick Pollard has been a non-executive director of Interserve since June last year

The Derby-based plant was a 'failure' for Interserve
The Derby-based plant was a 'failure' for Interserve

The former chief executive of energy-from-waste business Cory Riverside Energy has been appointed chair of Interserve Construction Limited.

Nick Pollard launched ambitious plans to expand the south-east London EfW plant in 2017, but he was also one of the Interserve directors that US-based investment fund Coltrane Asset Management called on to be removed earlier this year.

Interserve confirmed Pollard’s promotion in a statement today, which said the company’s construction arm would be one of three businesses run by a chair and managing director. 

Pollard has been a non-executive director of Interserve since June last year; he stepped down as Cory chief executive in April. Paul Gandy who joined Interserve in October this year will also continue as managing director for the construction division. 

Despite Pollard’s move to the construction arm, Interserve has previously said it will no longer pursue contracts in the waste and biomass sectors. 

Today’s statement says Interserve will focus on projects in the "healthcare, defence, education and major framework projects with central government, local authorities, utilities and other private and public sector organisations."

Separately, Interserve also confirmed today its chief executive, Debbie White, will step down on 31 December. White’s role will be "devolved", according to a statement.

White has largely been credited with getting Interserve back on track after it went into administration in March.

Interserve’s problems stemmed mainly from a series of delayed contracts to build biomass and waste processing plants with US-based US-based Babcock & Wilcox in the UK.

Most of these facilities have now been handed over, although a Derby-based waste gasification plant that Interserve was developing with Renewi is currently stalled and looking for a new contractor.

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