There are many reasons a business may need a corporate turnaround. Whether they be distressing factors such as a reduction in sales, cash flow problems, mounting debt, or challenges like rapid growth while finding appropriate means of capital formation, there are many companies that have the potential to become great but miss the mark due to a lack of strong leadership. Indeed, it takes a certain kind of leader to not only create financial results that are quantifiable, but also develop a sturdy foundation for the business that can withstand the test of time and other stressors such as a…
Former Cleanaway CEO Vik Bansal
By Exec Edge Editorial Staff
Just six years ago, the largest waste management company in Australia was facing unhappy investors and struggling to recover under a debt burden of around $2.1 billion. Cleanaway (then operating under the name Transpacific) was lacking strong leadership, a cohesive strategy, and completely failing to prepare for the imminent changes to the waste management landscape. Today, it has risen over 120 places on the ASX market index and has increased its market capitalization from less than $1 billion to over $5 billion. …
The first sod was turned on Friday 5 February on a $45 million plastic pelletising facility being built by a joint venture of Cleanaway, Pact Group and Asahi at Albury in NSW, which will be able to recycle more than one billion bottles per year.
“This new facility for PET plastic will recycle the containers collected through the NSW Return and Earn Scheme and Cleanaway’s Material Recovery Facilities, helping create a domestic circular economy,” Cleanaway’s CEO and Managing Director, Vik Bansa l, said.
Pictured from left to right: State Member for Albury, Justin Clancy, Asahi Beverage’s Group CEO, Mr Robert…
This is part two of a transcription of episode 13 of the “No Limitations” podcast with CEO and managing director of Cleanaway Vik Bansal. To read part one, click here.
Vik Bansal discusses sustainability as the forefront of Cleanaway’s agenda, sharing his belief that a clear national waste and climate policy is needed in Australia and the ways in which technology can provide solutions for the world’s waste management problems. Bansal also discusses leadership , looking to the “moments of truth” that drive business forward and why humility is one of the most important qualities a leader can have.
In episode 13 of the “No Limitations” podcast, Blenheim Partners’ Gregory Robinson spoke with Vik Bansal, CEO and managing director of Cleanaway Waste Management Ltd. In part one of the transcription of this episode, Vik and Greg discuss how his willingness to tackle difficult or new territories saw him go from electrical engineer to executive, his evolving leadership style, and the underestimated value that is placed on good leadership in today’s society.
Greg: And what drove you into engineering?
Vik: That’s a good question. I still don’t know that, but growing up I had a very strong interest in physics…
On 18 January 2021, the Victorian Minister for Environment Hon Lily D’Ambrosio MP and the Federal Minister for Environment the Hon Sussan Ley MP announced Cleanaway as a successful recipient of State and Federal recycling grants.
In response to receiving the funding, Cleanaway’s CEO and Managing Director Vik Bansal said, “These grants have made it possible for Cleanaway to invest in a state-of-the-art glass beneficiation plant and a HDPE, LDPE and PP plastics pelletising facility in Victoria.”
Pictured: Cleanaway was announced as a recipient of State and Federal recycling grants at an event in Laverton, Victoria
By Sachin Wason
No matter what sector or industry of business, the value of good leadership in any organization cannot be understated. Leaders are at the helm of their company’s ship, inspiring employees and championing growth culture, simultaneously managing the day-to-day while also making far-reaching decisions that affect the welfare of their stakeholders — i.e. their employees, investors, and communities. Therefore, it goes without saying that while sound leadership is always at the core of a successful business, in no time is it more important than when a business or industry at large is going through times of change. …
This year’s Society for Plastic Engineers’ Plastics and the Circular Economy virtual conference saw Cleanaway CEO and Managing Director Vik Bansal outline his plan for creating the right environment to drive closed-loop plastic recycling in Australia.
“Set against the backdrop of the recent National Waste Policy Action Plan, defined timings for the Waste Export Ban and Container Deposit Schemes having opened or imminent in every Australian state, the time is now for companies to look at the waste value chain and take action,” Bansal said.
At the Society for Plastic Engineers “Plastics and the Circular Economy” virtual conference this month, Cleanaway CEO and Managing Director Vik Bansal laid out his plan for creating the right environment to drive closed loop plastic recycling in Australia.
“Set against the backdrop of the recent National Waste Policy Action Plan, defined timings for the Waste Export Ban and Container Deposit Schemes having opened or imminent in every Australian state, the time is now for companies to look at the waste value chain and take action,” said Vik, in speaking about his presentation.
Vik explained how Cleanaway has invested in…
There is a lot of things to feel like we have no control over as a population, but fortunately one thing that we can control is the damage we do to the planet. Each person has varying degrees to which they can contribute to sustainability efforts, but those of us that work in waste management have greater responsibility than most in prioritizing sustainability. Cleanaway, Australia’s leading total waste management services company, takes its responsibility seriously, with over 50 years of experience in providing safe and sustainable waste management solutions for communities all across Australia. …
Chief Executive Officer and Managing Director of Cleanaway