SOURCE: Quest Resource Holding Corporation

Quest Resource Holding Corporation

October 05, 2016 07:00 ET

David Sweitzer Named COO of Quest Resource

THE COLONY, TX--(Marketwired - October 05, 2016) - Quest Resource Holding Corporation (NASDAQ: QRHC) ("Quest"), a leader in environmental, sustainability, recycling, and resource management, announced today that it has appointed David Sweitzer as Executive Vice President and Chief Operating Officer. Sweitzer will focus on executing the company's strategy, streamlining operations to increase efficiencies, maximizing margin, developing an operation that is both flexible and highly scalable as well as identifying opportunities for profitable market extensions.

Sweitzer has over 20 years' experience in the waste, recycling, property management, and business services industry. He most recently served as Chief Sales Officer, Executive Vice President, and Senior Vice President of Sales at SMS Assist, a $1 billion market cap company. Prior to SMS Assist, he was Director of Business Development at Waste Management as well as Client Solutions Vice President at Oakleaf Waste Management.

"David brings tremendous expertise to Quest having worked across multiple sectors within the waste and recycling industry," said Ray Hatch, Quest's CEO. "He's a strategic thinker with a proven track record of strong operational excellence. I've worked with David in the past and I am confident in his ability to deliver tangible value to our clients and drive operational performance for Quest."

While at Oakleaf, Sweitzer was responsible for the creation and development of the firm's industrial business and client solutions department, driving innovative solutions that delivered improved outcomes for clients. He also managed Oakleaf's operations and strategic business planning, improving process flow and standardizing process mapping to increase the efficacy of all departments.

"I'm looking forward to building upon my years of experience in the waste and recycling industry, and am delighted to be working closely again with Ray and the executive team as we grow the company," said Sweitzer. "With this talented team in place, I'm very excited about the future direction of Quest."

Timothy A. Semones, our former Chief Operating Officer, will be focusing on special projects and overall strategic initiatives as Senior Vice President of Operations.

About Quest Resource Holding Corporation

Quest provides businesses with one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their businesses. Quest's comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national customers to have a single point of contact for managing a variety of waste streams and recyclables. Quest also operates environmentally based social media and online data platforms that contain information and instructions necessary to empower consumers and consumer product companies to recycle or properly dispose of household products and materials. Quest's directory of local recycling and proper disposal options empowers consumers directly and enables consumer product companies to empower their customers by giving them the guidance necessary for the proper recycling or disposal of a wide range of household products and materials, including the "why, where, and how" of recycling.

Safe Harbor Statement

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, and markets, and plans and objectives for future operations, are forward-looking statements. Specific forward-looking statements in this press release include Mr. Sweitzer's focus on executing the company's strategy, streamlining operations to increase efficiencies, maximizing margins, developing an operation that is both flexible and highly scalable as well as identifying opportunities for profitable market extensions; that Mr. Sweitzer brings tremendous expertise to Quest, that he is a strategic thinker with a proven track record of strong operational excellence, and our confidence in his ability to deliver tangible value to our clients and drive operational performance for Quest; our belief that while at Oakleaf Mr. Sweitzer drove innovative solutions that delivered improved outcomes for clients and that he improved process flow and standardized process mapping to increase the efficacy of all departments; that Mr. Sweitzer is delighted to work with Ray and the executive team as they grow the company; and Tim Semones' focus on special projects and overall strategic initiatives. All forward-looking statements included herein are based on information available to us as of the date hereof and speak only as of such date. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. The forward-looking statements contained in or incorporated by reference into this press release reflect our views as of the date of this press release about future events and are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ significantly from those expressed or implied in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, performance, or achievements. A number of factors could cause actual results to differ materially from those indicated by the forward-looking statements, including competition in the environmental services industry, the impact of the current economic environment, and other factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

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