Governance and ManagementUpon closing of the transaction, Mr. Heckmann will become Executive Chairman of the Board with full time responsibilities including leading the Company’s Board and overall corporate strategy. Mr. Johnsrud will join the Heckmann Board of Directors as Vice Chairman and become Chief Executive Officer of the Company. Mr. Johnsrud has been the CEO of Power Fuels since he acquired the business in 2005 and is a former senior executive with several financial services firms, most recently as a Managing Director and Senior Vice President at Bank of America. He holds an M.S. degree in economics from Texas A&M University. In addition, Jay Parkinson will join the business in the near term as Executive Vice President and Chief Financial Officer. Mr. Parkinson joins the Company from Jefferies & Company, Inc., where he was a Managing Director in the firm’s Energy Investment Banking group. Chuck Gordon will continue to direct the water business and serve as President of the newly created Fluids Management Division, which will include Power Fuels. James Devlin, who joined the Company with the Thermo Fluids acquisition last Spring, will be President of the newly created Recycling Division. Chris Chisholm will continue to serve the Company as Executive Vice President and CFO of the Fluids Management Division. Damian Georgino will continue in his role with the Company as Executive Vice President and Chief Legal Officer.
Heckmann Corporation And Power Fuels To Merge Creating A Leading Environmental Services Company Focused On Energy And Industrial End-Markets
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.