CEO of Reconomy Group -
ABOUT PAUL COX
Paul Cox is the visionary CEO of Reconomy Group, a globally operating technology-enabled provider of services to enable the circular economy, with a singular vision of creating a truly sustainable world by conserving finite resources.
Paul’s story and skillset are both highly unique. A West Midlands council-estate boy, he began as a waste driver and knows the waste industry inside out. He joined Reconomy in 1999 as Operations Director and rose to lead the company as CEO by repeatedly demonstrating unmatched entrepreneurial drive and tech savvy.
Paul has led the waste and environmental sectors on a journey of digital transformation, having met the challenge of changing minds within a conservative waste management supply chain. The 1,500-plus waste management firms – including many regionally operating SMEs – that Reconomy subcontracts to, now have access to digital channels and processes, ultimately making many of them more profitable and better equipped to face the future.
Having overseen the creation of Reconomy Group, Paul has created a rapidly growing, diverse, and family orientated business, which has doubled its profits in three years and includes no fewer than 14 business acquisitions. Reconomy Group is now stepping into an exciting future as a provider of a comprehensive set of services that drive the circular economy internationally.
Through the Reconomy Social Value Programme (RSVP), born out of Paul’s desire to put something back into the local community, the company provides accommodation, training, and support for care leavers. It also finds routes to employment for hard-to-reach groups including ex-offenders, homeless, ex-military and the long-term unemployed.
Paul’s mission for the future is two-fold. First, to keep the resource management industry moving forward towards sustainability. Innovation also remains key, with continued investment in tech-enablement, IT infrastructure and people, to help Reconomy Group’s customers and suppliers grow. And, secondly, to keep acquiring like-minded businesses, using a unique model and technology to create the world’s leading provider of services to enable the circular economy.
Reconomy was formed in 1994 and began its highly successful journey as an outsourced waste and resource management provider in the UK. Reconomy has helped businesses of all sizes to improve their waste management performance, delivering a value-added approach that implemented best practice, on-site segregation, and high recycling rates.
Guided by Paul Cox’s vision, Reconomy focused on a strategy of technology-enablement, the delivery of dynamic and accurate data for customers, and dedicated service propositions for a broad range of industries. The result has been consistently strong year-on-year organic growth.
However, as the world continued to evolve, so did Reconomy. By constantly focusing on the needs of its customers and staying ahead of the services they required, together with a strategic acquisitions strategy to broaden its service offering, Reconomy has transformed into a Group that operates in over 80 countries worldwide.
Reconomy Group offers a comprehensive range of services to leading brands across the world that want to adopt circular economy approaches and improve their ESG outcomes. These services are delivered across three divisions – Recycle, Comply and Re-use – to holistically manage the full resource circle.
Reconomy Group’s passion, innovation and customer-focus have seen it grow exponentially – annual revenue more than doubled during 2021. This puts Reconomy Group in a position to help even more businesses and brands across the world embrace positive change and continue to pursue its purpose of creating a truly sustainable world by conserving finite resources.