This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Republic Services, Inc. Announces Future Retirement Of Tod Holmes, Chief Financial Officer

PHOENIX, April 26, 2012 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today that Tod C. Holmes, 63, has submitted notice of his intent to retire from his position as Executive Vice President and Chief Financial Officer (CFO) effective May 1, 2013.  Mr. Holmes has led the company's financial organization since 1998.

(Logo: http://photos.prnewswire.com/prnh/20100304/RSLOGO)

Republic expects a smooth transition  to take place over the next 12 months.  Republic has a well established succession plan and the search for Mr. Holmes' successor is underway.  Republic has identified several internal candidates and has engaged an executive search firm to help identify and evaluate external candidates.

Donald W. Slager, President and Chief Executive Officer, said, "I want to thank Tod for his many contributions over the last 15 years. He has been a highly influential cross-functional leader with a focus on company-wide financial and operational disciplines.  Tod will be extremely helpful during our 12-month transition process.  I will miss Tod both professionally and personally, and wish him the best in his retirement."

James W. Crownover, Chairman of the Board of Directors, stated, "On behalf of the Board, we are grateful for Tod's leadership, integrity and guidance.  His 12-month notice of retirement gives us ample time to complete an executive search and implement a smooth transition to his successor."

Mr. Holmes joined Republic Industries in January 1998 prior to the formation of Republic Services later that year.  He has been a champion for transparency in financial reporting and was named to Institutional Investors' list of the Best CFOs in America eight times between 2002 and 2010.  Prior to working at Republic, Mr. Holmes worked for KPMG, Compagnie Generale de Geophysique and Browning Ferris Industries.

Commenting on his future retirement, Mr. Holmes stated, "For the past 15 years, I have had the privilege of working for and growing a successful American corporation.  Over that time, Republic has grown from $1 billion to $8 billion in annual revenues, created long-term stockholder value and completed the highly successful merger with Allied Waste Industries.  I look forward to another year of work before beginning my retirement next May, and I am fully committed to ensuring an orderly transition. 

"What I will remember the most from my time at Republic is the pride I have felt working with extremely talented and inspiring colleagues. The organization is deep in talent and I leave knowing that it has never been better positioned than it is today.  I would like to thank my team members of so many years for their personal dedication and extraordinary contributions to the company's success. I would also like to thank Don Slager, our board, and our stockholders for their many years of support."

About Republic Services, Inc.

Republic Services, Inc. provides recycling and solid waste collection, transfer and disposal services in the United States.  The Company's various operating units, including collection companies, transfer stations, recycling centers and landfills, are focused on providing reliable environmental services and solutions for commercial, industrial, municipal and residential customers.  For more information, visit the Republic Services website at republicservices.com.

SOURCE Republic Services, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs