Clean Harbors Added to Russell 2000 and Russell 3000 Indexes
June 13 2005 - 8:01AM
Business Wire
Clean Harbors, Inc. (NASDAQ: CLHB), the leading provider of
environmental and hazardous waste management services throughout
North America, today announced that the Company has been added to
the Russell 2000(R) and Russell 3000(R) indexes. The newly
reconstituted Russell indexes will become effective at the close of
the U.S. markets on June 24, 2005. "Clean Harbors has developed and
executed a plan to extend its leadership in the environmental and
hazardous waste management services industry throughout North
America," said Alan S. McKim, chairman and chief executive officer.
"Our inclusion in the Russell indexes reflects our ongoing success
in achieving this objective and building shareholder value. Clean
Harbors' addition to these indexes will increase our visibility and
afford us an opportunity to further expand our shareholder base."
Membership in Russell's indexes is determined primarily by market
capitalization rankings. Russell indexes are widely used by
managers for index funds and as benchmarks for both passive and
active investment strategies. More than $360 billion is invested in
index funds based on Russell's indexes and an additional $850
billion is benchmarked to them. Investment managers who oversee
these funds purchase shares of member stocks according to that
company's weighting in the particular index. Russell Investment
Group, a global leader in multi-manager investment services,
provides investment products and services in more than 35
countries. Russell manages more than $131 billion in assets and
advises clients worldwide representing more than $2.3 trillion.
Founded in 1936, Russell is a subsidiary of Northwestern Mutual and
is headquartered in Tacoma, Wash., with additional offices in New
York, Toronto, London, Paris, Singapore, Sydney, Auckland and
Tokyo. For more information, go to www.russell.com. About Clean
Harbors, Inc. Clean Harbors, Inc. is North America's leading
provider of environmental and hazardous waste management services.
With an unmatched infrastructure of 48 waste management facilities,
including nine landfills, five incineration locations and seven
wastewater treatment centers, the Company provides essential
services to over 45,000 customers, including more than 175 Fortune
500 companies, thousands of smaller private entities and numerous
federal, state and local governmental agencies. Headquartered in
Braintree, Massachusetts, Clean Harbors has more than 100 locations
strategically positioned throughout North America in 36 U.S.
states, six Canadian provinces, Mexico and Puerto Rico. For more
information, visit www.cleanharbors.com.
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