John Quinn to Resign as Chief Financial Officer of Casella Waste Systems, Inc.
August 17 2009 - 4:30PM
Marketwired
Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste,
recycling and resource management services company, announced today
that John Quinn will resign his role as Senior Vice President,
Chief Financial Officer and Treasurer effective September 25, 2009.
Mr. Quinn has accepted the position of Executive Vice President
and Chief Financial Officer of LKQ Corporation, the largest
nationwide provider of alternative replacement parts to repair
automobiles and trucks.
"This is a wonderful opportunity for John to work with old
friends and colleagues," John W. Casella, Chairman and CEO of
Casella Waste Systems, said. "While we are disappointed by John's
decision, this opportunity came with a significant compensation
package commensurate with the larger size of LKQ, which generates
roughly $2.0 billion of annual revenue."
"John's time with the company was very productive from our
perspective," Casella said. "He played a key role in the successful
refinancing of our senior secured credit facility in July, which
has put us on a firm foundation for the future with no major debt
maturities until December 31, 2012."
"We thank John for his contribution and wish him the best in his
new role," Casella said. "John will continue in his role as Chief
Financial Officer until September 25, 2009 to help with a positive
transition."
The company has begun an immediate search for a new Chief
Financial Officer.
About Casella Waste Systems, Inc.
Casella Waste Systems is an integrated solid waste and resource
management company headquartered in Rutland, Vermont. For further
information, investors should contact John Casella, Chairman and
Chief Executive Officer at (802) 772-2214 or John Quinn, Chief
Financial Officer at (802) 772-2241 or Ned Coletta, Director of
Investor Relations at (802) 772-2239; or visit the company's
website at http://www.casella.com.
Contact: John Casella Chairman and Chief Executive Officer (802)
772-2214 John Quinn Chief Financial Officer (802) 772-2241 Ned
Coletta Director of Investor Relations (802) 772-2239
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