said Bill Trubeck, the company's chief financial officer, will take on the new role of chief administrative officer.
The trash hauler will search for a new financial chief. The new CFO, along with several other executives, including the chief legal counsel and the chief technology officer, will report to Trubeck, according to press release from Waste Management.
Trubeck will remain CFO until a replacement is found. The company plans to "make additional moves in the future that are aimed at giving our senior leaders varied experiences as our succession plan begins to take shape."
Shares of Waste Management were down 3 cents to $26.01 in recent trading.
Waste Management is schedule to report its first-quarter results Tuesday. Analysts expect the company to earn 26 cents a share on revenue of $2.67 billion.