The Cleanaway Waste Management Ltd (ASX: CWY) share price is in focus today as the company announced a CFO transition and reaffirmed its FY26 earnings outlook, with underlying EBIT expected around $470 million.
What did Cleanaway Waste Management report?
- Appointment of Nigel Simonsz as incoming Chief Financial Officer, starting 27 July 2026
- Current CFO Paul Binfield stepping down, supporting transition through H1 FY27
- FY26 underlying EBIT expected to be approximately $470 million (midpoint of prior guidance)
- FY26 full year results set for release on 20 August 2026
What else do investors need to know?
Nigel Simonsz brings broad financial leadership experience from listed companies such as United Petroleum, Sigma Healthcare, and Australian Agricultural Company. The appointment follows an internal and external search, with an emphasis on continuity during Cleanaway’s reporting and strategy cycle.
Outgoing CFO Paul Binfield has served over five years, during which he guided the company through strategic acquisitions and helped shape Cleanaway’s Blueprint 2030 strategy. The board acknowledged his contribution and commitment to a smooth leadership handover.
What’s next for Cleanaway Waste Management?
Cleanaway will continue its focus on delivering Blueprint 2030, which centres on long-term sustainable growth and capital discipline. The company plans a structured CFO transition, maintaining stability while progressing its growth and operational strategies.
Further details on full-year financial performance and forward outlook are expected at the FY26 results announcement in August.
Cleanaway Waste Management share price snapshot
Over the past 12 months, Cleanaway shares have declined 20%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.
The post Cleanaway Waste Management appoints new CFO and reaffirms FY26 earnings guidance appeared first on The Motley Fool Australia.
Should you invest $1,000 in Cleanaway Waste Management right now?
Before you buy Cleanaway Waste Management shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Cleanaway Waste Management wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 16 June 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Are Telix shares a buy, hold or sell following results?
- 3 reasons CBA shares are a screaming buy right now
- 8 things Aussies at age 58 need to know about the Age Pension asset test before they retire
- Beach Energy posts steady Q4 production and a resilient outlook
- Getting started with ASX ETFs? These 3 might be worth a look
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.