In these extraordinary times I would like to start by thanking the men and women of Renewi for their remarkable dedication and commitment. Never before have we seen how vital our services are for the communities we serve. And under the difficult circumstances of Covid-19 we have seen the resilience of our organisation. FY20 was a year of successful further transformation, both financially and operationally. We delivered against our targets and made further steps in the restructuring of our Group.
Colin Matthews stepped down as Chairman on 31 March 2020 after five years that were of great importance for our company. We owe him enormous gratitude for his leadership, wisdom and guidance both during and after the formation of Renewi. We were fortunate to have him as our Chairman. Jacques Petry stepped down in December 2019 after nine years on the Board, with Allard Castelein becoming Senior Independent Director. I would like to thank both Colin and Jacques for their great service and to wish them well in the future. I was appointed Chairman on 1 April 2020.