Retirement of Chair
Today, Tellus Holdings Ltd (“Tellus”) announces the retirement of Chair, Phil Garling AM.
Mr Garling said, “It has been both a privilege and a pleasure to have the opportunity to Chair the Tellus board for almost 9 years. During this period Tellus has successfully transitioned from concept to approvals, through construction and is now established in operations mode. I think the time is right for a new Chair to lead the Company until an eventual IPO or other value realisation event. I leave Tellus with absolute confidence in the capability of the board and management to successfully realise Tellus’ potential.”
Following Mr Garling’s retirement, the Board has resolved to appoint Mr Ken Kanofski as the new Tellus Chair. Ken has been a Tellus director for almost one and a half years and chairs the Board Health, Safety and Environment Committee. He brings extensive chief executive experience in the waste, transport and government sectors. Ken’s career summary is attached to this announcement.
Mr Kanofski said, “I am honoured to have been selected as the new Tellus Chair and look forward to leading the board in the next phase of Tellus’ development. On behalf of Tellus I would like to thank Phil Garling for his very significant contribution to the growth of Tellus over almost 9 years and wish him all the best for his retirement.”
About Tellus Holdings Ltd:
Tellus is an innovative environmental services company cleaning up hazardous waste across Australia by developing and operating geological repositories, which are the safest places for such waste, and reinvesting in its communities through the circular economy.
Its first geological repository, Sandy Ridge, is located north of Kalgoorlie in WA and is Australia’s first commercial geological repository. It opened in early 2021 and is licensed to accept Class IV and Class V hazardous waste in nearly any form (liquid, sludge, solid) and typically without treatment, up to 100,000 tonnes per annum for the next 25 years. Unlike a traditional waste landfill that relies on a liner, Sandy Ridge relies on a multi-barrier, natural safety case, underpinned by unique geology.
A key feature of the Tellus solution is the fact that Tellus takes risk and title to hazardous waste and thereby facilitates the removal of remediation liabilities from a client’s balance sheet. This occurs through the issuance of a ‘Tellus Permanent Isolation Certificate (PIC™)’. Tellus’ world class safety case is backed by hundreds of millions of dollars in assurance and insurance.
