Heritage-Crystal Clean, Inc. Announces the Retirement of its Founder, President and CEO Joe Chalhoub
December 06 2016 - 5:00PM
Heritage-Crystal Clean, Inc. (Nasdaq:HCCI), a leading provider of
parts cleaning, used oil re-refining, and hazardous and
non-hazardous waste services primarily focused on small and
mid-sized customers, announces the retirement of its Founder,
President and CEO Joe Chalhoub effective January 31, 2017. Mr.
Chalhoub will be succeeded by Brian Recatto, who has served
Heritage-Crystal Clean, Inc. as a director for the past four years
and was named lead director earlier this year.
Joe Chalhoub stated, “It is with mixed emotions that I announce
my retirement. It has been an exciting journey since Heritage
Crystal Clean was formed in 1999. I would like to thank our
shareholders, our employees and my family for their continued
commitment and support during these years. I am very proud of the
company we’ve created and the results that we’ve produced over the
past 17 years.”
“I look forward to the continued growth of the Company under the
leadership of Brian Recatto. Brian’s many years as an environmental
service industry executive and his time on the board of
Heritage-Crystal Clean, Inc. will serve him well in his new role. I
will be working closely with Brian during the transition and will
be available to assist him and the board for the next couple of
years,” said Joseph Chalhoub.
“Heritage-Crystal Clean, Inc., has been building a world class
customer-focused environmental solutions business since its
inception,” Recatto said. “For the past four years I have been
privileged to serve on the board and observe the company’s quality
culture and operations. I am eagerly looking forward to leading the
HCCI team and building upon the legacy of top-tier service and
focused growth that Joe and his team have established. HCCI’s
premier environmental services platform provides us the opportunity
to strategically expand our business both organically and through
acquisitions.”
With almost 30 years of experience in the environmental services
industry, Mr. Recatto has served, since 2014, as President U.S.
Operations for Gibson Energy Inc., one of the largest independent
midstream energy companies in Canada and a major U.S. crude oil
logistics operator. Mr. Recatto joined Gibsons through its
acquisition of OMNI Energy Services, where he had served in various
executive positions since 2007, including Vice President and Chief
Operating Officer, and President and Chief Executive Officer. Mr.
Recatto was President from 2004 to 2007 of Charles Holston, Inc., a
waste management and environmental cleaning company, which OMNI
acquired. He served in various operating and executive positions
from 1997 to 2004 with Philip Services Corporation, an
environmental and industrial services company, including roles as
General Manager of Gulf Coast Waste Operations, Senior Vice
President By-Products Services Group and President Industrial
Services. Mr. Recatto joined Philip Services Corporation through
its acquisition of Meklo, Inc., an industrial waste management
company, where he had served as President for six years. Mr.
Recatto holds a bachelor’s degree in Finance from Louisiana State
University.
About Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. provides parts cleaning, used oil
re-refining, and hazardous and non-hazardous waste services to
small and mid-sized customers in both the manufacturing and vehicle
service sectors. Our service programs include parts cleaning,
containerized waste management, used oil collection and
re-refining, vacuum truck services, waste antifreeze collection and
recycling, and field services. These services help our customers
manage their used chemicals and liquid and solid wastes, while also
helping to minimize their regulatory burdens. Our customers include
businesses involved in vehicle maintenance operations, such as car
dealerships, automotive repair shops, and trucking firms, as well
as small and mid-sized manufacturers, such as metal product
fabricators and printers. Through our used oil re-refining program,
we recycle used oil into high quality lubricating base oil, and we
are a supplier to firms that produce and market finished
lubricants. Heritage-Crystal Clean, Inc. is headquartered in Elgin,
Illinois, and operates through 83 branches serving approximately
100,000 customer locations.
CONTACT
Mark DeVita, Chief Financial Officer, at (847) 836-5670
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