Waste management company Shanks is to lose its chief executive Tom Drury.
He is stepping down to join Manchester-based debt management firm Arrow Global as chief executive, where he will also be a shareholder.
He described the decision as a “lifestyle choice” because his family lives in the North West, but he has spent his working week with Shanks at its head office in Milton Keynes. By moving to Arrow Global he will be able to spend more time with his family.
When he leaves at the end of October, he will have been with the company for four years after joining in 2007 from United Utilities.
Shanks chairman Adrian Auer said: “We will be sorry to see Tom go, but respect his decision to work nearer to his home in Cheshire. We are grateful for the excellent job he has done for Shanks.
“Tom has set a compelling strategic direction for the business, with clear evidence in our recently reported results of delivery against this strategy. With the strength and experience of our board and executive management team, I am very confident that Shanks will maintain its current growth momentum.”