Waste Management Names James Fish CEO

Waste Management Inc. named James Fish Jr. as the company's chief executive, replacing longtime CEO David Steiner.

Mr. Fish has also been elected to the company's board.

Chairman W. Robert Reum said the move was the "culmination of a succession planning process we started 18 months ago with the support of the entire board," on which Mr. Steiner will remain.

Steiner served as CEO at the waste services company since 2004. Under his tenure, recycling pressured the top line of the Houston-based trash hauler but the company said last month its revenue rose 5.6% as average prices of recycled commodities rose and recycling volumes improved.

Mr. Fish, 54, has held several roles since he joined Waste Management in 2001. Before becoming CFO in 2012, he served as senior vice president for the company's eastern group, and area vice president for Pennsylvania and West Virginia, among other roles.

The company said it is still looking for a CFO. Mr. Fish will continue to lead the finance organization until one is found.

Waste Management shares, which have risen 24% in the past 12 months, were inactive in premarket trading.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

(END) Dow Jones Newswires

November 11, 2016 08:15 ET (13:15 GMT)

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