Averda, the leading end-to-end waste management, treatment and recycling company in emerging markets is pleased to announce the appointment of Niteese Lenton as Chief Financial Officer.
Niteese brings with her a wealth of relevant experience and knowledge with over 20 years’ financial management experience in the automotive and logistics sectors. She has been Finance Director for Ford Motor Company Middle East & Africa and, more recently, served as Deputy Group CFO at Tristar Transport, an integrated energy logistics company based in Dubai, where she was responsible for the management of the finance team. Niteese holds an MBA in Finance and a Bachelor of Accounting degree from Florida A&M University, USA.
Niteese will be responsible for strengthening the finance function and supporting the strong pipeline of business development opportunities that exist across the markets in which Averda operates. She will also help manage deployment of the $45 million investment loan recently secured from the U.S. International Development Finance Corporation (DFC) for the construction and development of new recycling facilities, as well as providing additional operational working capital for other sustainability initiatives already underway.
Niteese Lenton, said: “I am delighted to be joining Averda’s finance team at an exciting time for the business, as it attracts new funding to drive its sustainability initiatives across the countries in which it operates. The importance Averda places on circularity and sustainability aligns closely with my personal ethos and is one of the reasons I am so keen to join the group. I look forward to starting this new role and working closely with the finance team as well as other key internal and external stakeholders.”
Malek Sukkar, CEO, added: “Niteese’s past experience of financial management in multinational corporations with a presence in many of our countries of operation makes her an excellent candidate for the role as CFO at Averda, and one that I am certain she will excel at given her past achievements. I would like to thank Samir Sharma, our current CFO, for his invaluable contribution to the success of Averda over the past four years and wish him all the best in his next endeavour.”
Averda is the leading waste management and recycling company in the emerging world, operating in India and across the Middle East and Africa. The company provides a broad and specialised range of services to over 60,000 clients - large and small - across private and public sectors. These include the municipal authorities of major cities and household names in a wide range of sectors including oil & gas, automotive, retail and hospitality.
Founded in 1964 and headquartered in Dubai, Averda increasingly focuses on providing sustainable solutions which extract value from waste, reducing use of the planet’s limited natural resources and driving the circular economy. The company’s portfolio of services range from collecting bins and cleaning city streets to sorting, composting, recycling and disposing of household waste as well as safely managing highly-regulated hazardous waste streams including medical waste and dangerous chemicals. Recent investments have further developed the company’s waste treatment capabilities, with the goal of providing circular recovery options in all markets.
The company currently employs over 14,000 people worldwide, helping to provide secure employment amongst the communities it serves. Protection of environmental and human health is the company’s highest priority, and it operates in full compliance with international standards for quality control wherever it operates, currently: UAE, Saudi Arabia, Oman, Qatar, Morocco, South Africa, Congo and India.