HOUSTON--(BUSINESS WIRE)--Feb. 28, 2017--
The board of directors of Waste Management Inc. (NYSE: WM)
today announced the election of Bradbury (Brad) H. Anderson, who
previously served as a member of the board of directors, to the position
of board chairman, effective February 27, 2017.
Anderson takes over from Bob Reum, who served as chairman of the board
since 2012 and sadly passed away earlier this month.
“It is truly an honor to pick up from where Bob Reum left off and assume
the mantle of board chair,” said Anderson. “Over my more than five years
on the board, I’ve seen this extraordinary company evolve, grow and
execute extremely well on its strategy and I’m excited to work with our
strong board and management team to continue to deliver on our strategy.”
Anderson, who is former vice chairman and chief executive officer of
Best Buy Co. Inc., was first elected to Waste Management’s board of
directors in 2011. Over the past five years, Anderson has served on the
Nominating and Governance Committee and the Management Development and
Compensation Committee of the board. As board chair, Anderson will join
the Audit Committee, serving on all three committees of the board.
Anderson has over 20 years of experience as a member of public company
boards of directors and currently also serves as a director of General
Mills, Inc., Mayo Clinic and Carlson Companies, a private travel and
hospitality company. In addition, he was a director of Best Buy Co.,
Inc. from 2013 to 2016.
Devina Rankin Appointed Senior Vice President, Chief Financial
Officer and Treasurer.
In addition, the board also appointed Devina A. Rankin, formerly vice
president, treasurer and acting chief financial officer, to the position
of senior vice president, chief financial officer and treasurer, also
effective February 27, 2017 and reporting to Jim Fish, president and
chief executive officer.
In her role, Rankin, age 41, is responsible for all finance functions
for the Company. She also has executive responsibility for the internal
audit, investor relations and supply chain functions.
“Devina is a highly respected finance executive and I am very pleased to
announce her appointment as our next chief financial officer,” said Jim
Fish, Waste Management’s president and chief executive officer. “I have
had the privilege of working closely with Devina since I came to Houston
to serve as CFO in 2012, and I know she has all the qualifications and
experience necessary to be an outstanding CFO for the Company. She is
also well-known and highly respected by external stakeholders as well as
her colleagues, both at the corporate and field operations levels, all
of which will stand her in good stead as she leads the finance
organization moving forward.”
“I am thrilled to have the opportunity to lead the finance function and
am very grateful for the board’s and Jim’s confidence in me,” said
Rankin. “I look forward to leading a team of tremendously talented
individuals, and to being a part of a senior leadership team that is
committed to ensuring Waste Management continues to be such a uniquely
special place to work and to delivering the growth our shareholders
Rankin joined the Company in 2002 and has held a number of corporate
finance positions of increasing responsibility during her tenure,
including assistant treasurer and treasurer. She began her career at
Arthur Andersen, a public accounting firm, in 1999.
Rankin earned a Bachelor of Business Administration and a Master of
Science degree in accounting from Texas A&M University and is a
certified public accountant licensed in Texas.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of
comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. It is also a leading
developer, operator and owner of landfill gas-to-energy facilities in
the United States. The company’s customers include residential,
commercial, industrial, and municipal customers throughout North
America. To learn more information about Waste Management, visit www.wm.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170228006848/en/
Source: Waste Management Inc.
Ed Egl, 713.265.1656