PHOENIX, March 30, 2021
/PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today
announced industry icon Donald W.
Slager has provided his notice of intent to retire from the
Company after serving as its Chief Executive Officer for more than
a decade and serving as Chief Operating Officer for nearly a decade
prior. The move marks the conclusion of a thoughtful and
comprehensive, multi-year CEO succession planning process.
President Jon Vander Ark will succeed Slager as the Company's Chief
Executive Officer. Vander Ark also will continue as President
and be appointed to the Board of Directors. The transition
will be effective June 25, 2021.
Slager will serve in a consulting capacity for the remainder of
2021 to complete this orderly and seamless transition.
"It has been a pleasure to serve as Republic's CEO for the past
decade," said Slager. "We've built a durable foundation from which
the Company can continue to prosper. Jon has contributed
considerably since joining the team and has been instrumental in
launching and integrating several key programs including Capture,
Priority Based Selling, and Digital Operations. His innovative
spirit and passion for sustainability are great attributes. I have
every confidence Jon will continue to position Republic as an
industry leader throughout the Company's next chapter."
Manny Kadre, Republic's Chairman
of the Board, said, "This announcement follows a robust, multi-year
CEO succession planning process developed and executed by Don and
the Board of Directors, culminating in this unanimous appointment.
Don has groomed an outstanding successor who will continue to serve
our customers, our people, and our shareholders well. Jon is
a proven leader who is poised to build off our strong foundation,
leverage our leading market position, and capitalize on our
momentum."
"It is an honor and truly humbling to follow Don as the next CEO
of Republic Services," said Vander Ark. "I look forward to
building on the great work that has already been done. I am
energized for the opportunity to lead this strong Republic team and
for what we expect to accomplish on the road ahead. We are off to a
strong start to the year which is supported by the positive
momentum in the business and macro factors that have been better
than anticipated. It is an exciting time to be at this
Company."
Kadre also expressed the Board's profound appreciation and
gratitude to Don for his extraordinary performance and relentless
dedication to the Company over the last 35 years. "Don has
left an indelible mark by delivering sustainable shareholder value,
and transforming Republic while creating a highly ethical,
inclusive, and engaged culture, a recognized Company brand, and a
clear identity for Republic's people. Don has also achieved
the unmistakable legacy of building the Company and
professionalizing the industry while consistently producing
exceptional results."
Slager's experience in the waste industry has spanned over four
decades. He initially worked in the business as a truck washer
while he was a young teenager before beginning his full-time career
in the maintenance shop in 1980. He then filled multiple driver
positions and was appointed to a supervisory role at the age of
24. He was subsequently and continually appointed to
positions of increasing responsibility. In 1985, Slager joined
National Waste Services, a privately owned company in Chicago, and led that organization in 1992
when it became one of the cornerstone companies of Allied Waste
Industries, Inc. Slager held numerous roles at Allied prior to
joining the corporate team in 1998 and becoming COO in 2002. Slager
oversaw Allied's groundbreaking merger with Republic in 2008 and
was named CEO in 2011.
Vander Ark was named President of Republic in May 2019, and currently leads the Company's
ongoing transformation and continued growth, with responsibility
for operations, sales, marketing, and business development. Vander
Ark served as the Company's Executive Vice President, Chief
Operating Officer from January 2018
to May 2019. Prior to that, he was
the Company's Executive Vice President, Operations from
March 2016 to January 2018.
Vander Ark joined the Republic team in January 2013 as Executive Vice President, Chief
Marketing Officer. Prior to Republic, he served as a partner at
McKinsey & Company, managing clients across a variety of
industries, including transportation, logistics, manufacturing, and
consumer products. Jon holds a Bachelor of Arts degree
from Calvin College and a Juris
Doctorate from Harvard University.
For more information, visit RepublicServices.com
About Republic Services
Republic Services, Inc. is a leader in the U.S. environmental
services industry. Through its subsidiaries, the Company provides
superior customer experience while fostering a sustainable Blue
Planet® for future generations to enjoy a cleaner,
safer, and healthier world. For more information, visit
RepublicServices.com, or follow us at
Facebook.com/RepublicServices, @RepublicService on Twitter or
Republic Services on LinkedIn.
Information Regarding Forward-Looking Statements
This
press release contains certain forward-looking information about us
that is intended to be covered by the safe harbor for
"forward-looking statements" provided by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
statements that are not historical facts. Words such as "guidance,"
"expect," "will," "may," "anticipate," "plan," "estimate,"
"project," "intend," "should," "can," "likely," "could," "outlook"
and similar expressions are intended to identify forward-looking
statements. These statements include information about our plans,
strategies, and prospects. Forward-looking statements are not
guarantees of performance. These statements are based upon the
current beliefs and expectations of our management and are subject
to risk and uncertainties that could cause actual results to differ
materially from those expressed in, or implied or projected by, the
forward-looking information and statements. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot assure you that the expectations will
prove to be correct. Among the factors that could cause actual
results to differ materially from the expectations expressed in the
forward-looking statements are the effects of the COVID-19 pandemic
and actions taken in response thereto, acts of war, riots or
terrorism, and the impact of these acts on economic, financial and
social conditions in the United
States as well as our dependence on large, long-term
collection, transfer and disposal contracts. More information on
factors that could cause actual results or events to differ
materially from those anticipated is included from time to time in
our reports filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended
December 31, 2020 (when filed),
particularly under Part I, Item 1A - Risk Factors. Additionally,
new risk factors emerge from time to time and it is not possible
for us to predict all such risk factors, or to assess the impact
such risk factors might have on our business. We undertake no
obligation to update publicly any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
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SOURCE Republic Services, Inc.