RUTLAND, VT--(Marketwire - Dec 3, 2012) - Casella Waste Systems, Inc. (NASDAQ: CWST), a regional, vertically-integrated solid waste, recycling and resource management services company, today said it has promoted chief financial officer Ed Johnson to the post of president and chief operating officer, and that Ned Coletta, vice president of finance and investor relations, would become the company's new senior vice president, chief financial officer and treasurer. The company also said that Paul Larkin, who had served as president and chief operating officer, has left the company effective November 30, 2012.
"Ed Johnson brings the background and experience to the challenge of running a nimble, customer-focused business whose mission is growing cash flow and profitability," Casella said. "The board and I have immense faith in his ability to run the day-to-day operations of this company and succeed."
Before joining Casella as chief financial officer in 2010, Johnson was chief financial officer at Waste Services, Inc., where he helped lead the operational and financial turnaround of that company. Previously, Johnson was president of Able Telcom during its turnaround, and has been a senior leader in six publicly traded companies, as well as a member of the board of directors at two companies, including Attwoods, PLC, a multinational waste services holding company.
The company also said that it has named Ned Coletta as its senior vice president, chief financial officer and treasurer. Coletta had previously served as the company's vice president of finance and investor relations.
"Ned Coletta has successfully managed a number of complex refinancing and equity transactions aimed at improving the company's balance sheet," Casella said. "He also has an impressive and comprehensive grasp of the broader strategic issues that are vital to the company's mission to create shareholder value. He's a great addition to the senior management team."
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States. For further information, investors contact Ned Coletta, chief financial officer at (802) 772-2239, media contact Joseph Fusco, vice president at (802) 772-2247, or visit the company's website at http://www.casella.com.