April 24, 2023
Waste Connections, Inc. (WCN), a waste management company providing collection, transfer, disposal, and recycling services, has announced the appointment of Ronald J. Mittelstaedt as President and Chief Executive Officer (CEO) effective April 23, 2023. Mittelstaedt succeeds Worthing F. Jackman in this role.
Mittelstaedt is not new to Waste Connections as he is the company's founder and served as its CEO from 1997 until July 2019 when he transitioned to the position of Executive Chairman of the Board of Directors. In connection with his reappointment as CEO, Mittelstaedt remains on the Board of Directors, but will no longer serve as Executive Chairman. Concurrently, the Company's lead independent director, Michael W. Harlan, became Chairman of the Board of Directors in a non-executive capacity.
Mittelstaedt thanked Worthing F. Jackman, the outgoing CEO, for his work and dedication on behalf of Waste Connections for the last 19 years, including the last four years as CEO. He commended Jackman's efforts in leading the company through challenging times such as the pandemic and hyperinflation, which had a significant impact on all industries. He stated that Jackman's extensive efforts had helped shape the company into what it is today, and they all wish him well in his future endeavors.
Mittelstaedt expressed his excitement to return to the role of CEO to serve Waste Connections' 23,000 employees and focus their efforts on servant leadership, their decentralized operating structure, and delivering exceptional results in all areas.
In conjunction with this announcement, the Company reaffirmed its 2023 full-year financial outlook as originally provided in February. The company will provide additional details when it reports its Q1 2023 earnings on April 26th.
Members of LevelFields received the alert of this event on April 24, 6:30 AM ET
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