Waste Management Names James Fish CEO
November 11 2016 - 8:30AM
Dow Jones News
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)
Copyright (c) 2016 Dow Jones & Company, Inc.
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