Close the Loop has appointed two new CEOs to lead its North American and Australian business units as it commences a restructuring initiative aimed at simplifying its operations and sharpening of its focus.
Kesh Nair, former Close the Loop Australia general manager of recycling and renewed solutions, has been promoted to CEO of the Australian operations. Nair also joins the board as an executive director.
Close the Loop said Nair has been an integral part of the group for more than 17 years, beginning his career with the company as IT systems manager and serving as chief information officer.
Throughout his tenure, Nair led numerous strategic initiatives, including new product
development, public relations, and the oversight of sales and marketing teams. More
recently, he has been instrumental in expanding the company’s ITAD capabilities and cultivating key partnerships across Southeast Asia.
“Kesh is widely respected for his diligence, principled leadership, and steadfast commitment to excellence. His deep understanding of our operations and passion for our mission makes him the ideal leader to drive the next phase of growth and innovation in the region,” Close the Loop said.
Matthew Zimmer has been named as Close the Loop CEO of the North American business units, which include Close the Loop Renewed Solutions, Close the Loop Inc., and Close the Loop Plastic Recycling.
“Zimmer brings with him a wealth of experience and a proven track record in the international ITAD industry. His deep industry knowledge and results-orientated leadership make him uniquely positioned to guide Close the Loop Group’s strategic growth initiatives in North America,” the company said.
“A decisive and results-driven leader, Matthew has consistently delivered strong business
outcomes – boosting sales, enhancing profitability, and creating long-term value for the
organisations he has led.
“His focus on operational excellence and innovation aligns perfectly with Close the Loop’s mission and growth ambitions.”
The company also said Lawrence Jaffe has stepped down from his role as interim CEO and from the board, and has assumed the role of chief commercial officer, with a focus on corporate development initiatives and portfolio optimisation including exiting non-core and unprofitable business segments.
“We are at a pivotal point in our development with several significant growth initiatives we are executing on. As our North American business capitalises on opportunities in the broader ITAD market, Matthew’s track record in ITAD will be invaluable to helping the business,” Jaffe said.
“Similarly, Kesh has been a longstanding leader in our business with a proven ability to drive key strategic initiatives and product development programs.
“We are enthusiastic and excited about Matthew and Kesh’s respective appointments and confident both will make a significant impact to the success of Close the Loop.”
In addition, Close the Loop confirmed Joe Foster will be transitioning to a new role within the organisation – the specific details are currently being finalised and will be shared in the coming weeks.
“This will ensure his extensive knowledge and experience is retained in the Company. Joe remains committed to the future success of the company and continues to be our largest shareholder,” the company said.
Other leadership changes include:
- Grant Carman appointed as chairman of the board
- Chris Dimitriadis appointed CFO
- Marc Lichtenstein appointed chief risk officer and company secretary
