Highlights

  • Nigel Simonsz will join Cleanaway as Chief Financial Officer from 27 July.
  • Outgoing CFO Paul Binfield will support the leadership transition.
  • The company reaffirmed FY2025–26 underlying EBIT guidance of about AUD 470 million.
  • Full-year financial results are scheduled for release on 20 August.

Cleanaway Waste Management Limited (ASX: CWY) has announced a change to its executive leadership team with the appointment of Nigel Simonsz as Chief Financial Officer, while reaffirming its earnings outlook for the 2025–26 financial year. The update combines a planned leadership transition with confirmation that the company's financial expectations remain unchanged ahead of its upcoming annual results.

Nigel Simonsz will assume the CFO role on 27 July, succeeding Paul Binfield, who has served in the position for more than five years. Cleanaway stated that Binfield will remain with the business during the first half of the 2026–27 financial year to assist with financial reporting responsibilities and support an orderly leadership transition.

The incoming finance executive brings experience from several senior leadership positions. His previous roles include Chief Financial Officer appointments at Sigma Healthcare and Australian Agricultural Company, as well as executive leadership experience with United Petroleum. The company expects the structured transition period to provide continuity during the changeover.

Alongside the leadership announcement, Cleanaway reaffirmed its FY2025–26 underlying earnings before interest and tax (EBIT) guidance of approximately AUD 470 million. The figure remains around the midpoint of the guidance range previously provided in April, signalling that management's expectations for the financial year have not changed.

The reaffirmed outlook provides investors with greater clarity ahead of the company's scheduled full-year financial results on 20 August. While executive changes can sometimes create uncertainty, maintaining earnings guidance suggests the company does not expect the transition to affect its near-term financial performance.

Cleanaway is Australia's largest waste management company, providing collection, recycling, treatment and disposal services for municipal, commercial, industrial and hazardous waste streams. Its operations span the full waste management value chain, making ongoing operational efficiency and capital allocation important drivers of long-term performance.

Although no specific share price reaction was highlighted in the announcement, investors are likely to assess both the leadership transition and forthcoming financial results as they evaluate the company's operational progress. The August reporting season is expected to provide additional insight into earnings performance, cash generation and future business outlook.

Looking ahead, investors are likely to monitor the management transition, delivery of the reaffirmed earnings guidance, full-year financial results, capital allocation priorities and broader operating conditions across the waste management sector.

What Investors May Watch

Investors may monitor the CFO transition, FY2025–26 results, earnings delivery, capital allocation and future company guidance.

Risks

Key risks include execution during the leadership transition, operating cost inflation, regulatory changes, slower economic activity, competitive pressures and changes in waste volumes.