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Nuverra Environmental Solutions (NYSE:NES), a leading provider of integrated environmental solutions to energy and industrial end markets, announced today that its Board of Directors has appointed Tod C. Holmes, former Executive Vice President and Chief Financial Officer of Republic Services, Inc., to serve as an independent director of the Company and a member of the Board’s Audit Committee
“Tod will be an invaluable asset to our Board,” said Chairman and Chief Executive Officer Mark D. Johnsrud. “His knowledge and voice are well-respected throughout the environmental services industry. His experience growing companies, coupled with his background in the energy sector, makes him a great fit for Nuverra. We look forward to Tod’s contributions as we continue to position our Company for growth and success.”
The appointment of Mr. Holmes fills a vacancy created by the resignation of Mr. Kevin L. Spence, who has served on the Board since 2010. The size of the eight-member Board will remain unchanged. “We thank Kevin very much for his service to Nuverra and wish him the best in his new business ventures,” Mr. Johnsrud said.
Mr. Holmes’ appointment as a Class 3 director will remain in effect until the 2016 annual meeting of stockholders, at which time his continued service will be subject to shareholder approval.
About Tod C. Holmes
Mr. Holmes is an accomplished business and financial leader with 39 years of experience leading companies in environmental services, waste, recycling and geophysical services. Prior to joining the Nuverra Board, Mr. Holmes served as Executive Vice President and Chief Financial Officer of Republic Services, Inc. (NYSE:RSG) (“Republic Services”) from December 2008 until January 2013. Republic Services is a Fortune 300 company focused on environmental services, including the collection, recycling, processing, and disposal of solid waste in the United States. Prior to Mr. Holmes being named Senior Vice President and Chief Financial Officer of Republic Services in August 1998, he served as Vice President of Finance for the Solid Waste Group of Republic Industries, Inc. (now AutoNation). In the nearly three decades prior to joining Republic Industries, Mr. Holmes held management and executive-level positions with numerous companies, including Browning Ferris Industries, Inc., Compagnie Generale de Geophysique, and KPMG. At KPMG, Mr. Holmes managed audits of public companies in the exploration and production, drilling and energy services industry. Mr. Holmes holds a Bachelor of Science degree in Economics and a Masters of Business Administration degree, with an emphasis in Finance and Accounting, from the University of Denver.