HOUSTON--(BUSINESS WIRE)--Nov. 10, 2016--
Waste Management, Inc. (NYSE:WM) today announced that it has named James
(Jim) C. Fish, Jr. as the Company’s President and Chief Executive
Officer. He has also been elected to the Board of Directors.
Fish succeeds David P. Steiner as CEO. Steiner served as CEO since 2004
and remains on the Board of Directors.
W. Robert Reum, Non-Executive Chairman of the Board, said: “Today’s
announcement is the culmination of a succession planning process we
started 18 months ago with the support of the entire Board. Over the
last 15 years at Waste Management, Jim has consistently delivered
results, and has the skills and leadership qualities that make him
ideally suited for the role. He has a deep understanding of our
strategy, impressive financial and operational acumen and strong support
from employees, customers and investors. We look forward to working
closely with him and the rest of the senior leadership team as the
Company continues to execute on its long-term strategy.”
Reum continued: “On behalf of the Board, I would like to thank David for
his many contributions to our Company’s success over 16 years and his
dedicated and effective service as CEO for the past twelve years.”
“It is a privilege to be named CEO of Waste Management, and I greatly
appreciate the Board’s confidence in me,” said Fish. “Waste Management
has executed extremely well on our overall strategy, the results of
which are reflected in our very strong shareholder returns. Our strategy
is sound and I look forward to working with the Board, the leadership
team and all of our talented employees in continuing to provide superior
service to our valued customers.”
The Company is continuing its search for a CFO. In the interim, Fish
will continue to lead the finance organization.
Waste Management also announced that it has scheduled a
shareholder-analyst conference call on November 11, 2016 at 8:00 a.m.
Eastern Time to discuss Jim Fish’s election.
What: Waste Management shareholder-analyst conference call
When: Friday, November 11, 2016 at 8:00 a.m. Eastern Time
Where: A live audio webcast of the conference call can be accessed by
logging onto http://www.wm.com and
selecting "Events and Presentations" in the Investor Relations section
of our website.
You may also listen to the analyst conference call by telephone by
contacting the conference call operator 5-10 minutes prior to the
scheduled start time and asking for the "Waste Management Conference
Call - Call ID 19301943." US/Canada Dial-In #: (877) 710-6139.
Int'l/Local Dial-In #: (706) 643-7398. Participation will be in
Replay: A replay of the call will be available beginning two hours after
the call’s completion until 5:00 p.m. Eastern TimeDecember 11, 2016. To
hear a replay of the call over the Internet, access Waste Management's
website at http://www.wm.com.
To hear a telephonic replay of the call, dial (855) 859-2056 or (404)
537-3406 and enter conference code 19301943.
James C. Fish, Jr.
Jim Fish, 54, has held several roles of increasing responsibility since
he joined Waste Management in 2001. Prior to becoming CFO in 2012 and
President and CFO in July 2016, he held several key positions with the
Company, including Senior Vice President for the Company’s Eastern
Group, Area Vice President for Pennsylvania and West Virginia, Market
Area General Manager for Massachusetts and Rhode Island, Vice President
of Price Management and Director of Financial Planning and Analysis.
Fish earned a Bachelor of Science in accounting from Arizona State
University and an MBA in finance from the University of Chicago. He is
also a Certified Public Accountant.
Before joining Waste Management, Fish held finance and revenue
management positions at Westex, a Yellow-Roadway subsidiary; Trans World
Airlines; and America West Airlines. He began his professional career at
KPMG Peat Marwick.
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/20161110006724/en/
Source: Waste Management, Inc.
Ed Egl, 713-265-1656