Clean Harbors Announces Appointment of John R. Beals as Corporate Controller; Company Enhances Management Team with 30-Year Vet
August 14 2006 - 8:49AM
Business Wire
Clean Harbors, Inc. ("Clean Harbors") (NASDAQ: CLHB), the leading
provider of environmental and hazardous waste management services
throughout North America, today announced that John R. Beals, 51,
has been appointed Vice President and Corporate Controller. "John
brings 30 years of diverse financial and accounting experience to
the Clean Harbors team," said James M. Rutledge, Executive Vice
President and Chief Financial Officer. "John's credentials make him
an ideal candidate for this position. We believe his diverse
background will translate well into our finance organization. In
addition, he will be an important asset to our ongoing cost
reduction initiatives, as well as the continuing expansion of our
business." Beals' responsibilities will involve all aspects of
accounting and financial reporting at Clean Harbors, including SEC
compliance, internal and external financial reporting, internal
controls and financial procedures, budgeting, development of
financial and managerial accounting systems, and the financial
integration of acquired businesses. Beals succeeds Carl Paschetag
who departed from the Company in January of 2006. He will report
directly to James M. Rutledge, Executive Vice President and Chief
Financial Officer. Prior to his new role at Clean Harbors, Beals
was Vice President and Corporate Controller at 3Com. Before that,
he was at The First Years Inc., for 19 years where he held
positions of increasing responsibility, including Treasurer,
Controller and Chief Financial Officer, Senior Vice
President-Finance. He began his career with Deloitte & Touche
and was promoted to the level of audit manager with the firm.
Beals, a certified public accountant, holds a bachelor's degree in
accounting from the University of Massachusetts. 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
Norwell, 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. Safe Harbor Statement Any
statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, and involve risks and
uncertainties. These forward-looking statements are generally
identifiable by use of the words "believes," "expects," "intends,"
"anticipates," "plans to," "estimates," "projects," or similar
expressions. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those reflected in these forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which reflect management's
opinions only as of the date hereof. The Company undertakes no
obligation to revise or publicly release the results of any
revision to these forward-looking statements other than through its
various filings with the Securities and Exchange Commission. A
variety of factors beyond the control of the Company may affect the
Company's performance, including, but not limited to: -- The
Company's ability to close its announced acquisition of Teris in a
timely fashion, if at all, and successfully integrate its
operations and assets into its existing network of services and
disposal facilities; -- The Company's ability to manage the
significant environmental liabilities which it assumed in
connection with the CSD acquisition; -- The availability and costs
of liability insurance and financial assurance required by
governmental entities relating to our facilities; -- The effects of
general economic conditions in the United States, Canada and other
territories and countries where the Company does business; -- The
effect of economic forces and competition in specific marketplaces
where the Company competes; -- The possible impact of new
regulations or laws pertaining to all activities of the Company's
operations; -- The outcome of litigation or threatened litigation
or regulatory actions; -- The effect of commodity pricing on
overall revenues and profitability; -- Possible fluctuations in
quarterly or annual results or adverse impacts on the Company's
results caused by the adoption of new accounting standards or
interpretations or regulatory rules and regulations; -- The effect
of weather conditions or other aspects of the forces of nature on
field or facility operations; -- The effects of industry trends in
the environmental services and waste handling marketplace; and --
The effects of conditions in the financial services industry on the
availability of capital and financing. Any of the above factors and
numerous others not listed nor foreseen may adversely impact the
Company's financial performance. Additional information on the
potential factors that could affect the Company's actual results of
operations is included in its filings with the Securities and
Exchange Commission, which may be viewed on the Investor portal of
the Company's Web Page at www.cleanharbors.com.
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