SOURCE: Quest Resource Holding Corporation

Quest Resource Holding Corporation

January 11, 2016 16:05 ET

Quest Names S. Ray Hatch as New President and CEO

THE COLONY, TX--(Marketwired - January 11, 2016) - Quest Resource Holding Corporation (NASDAQ: QRHC) ("Quest"), a leader in environmental, sustainability, recycling, and resource management, today announced that S. Ray Hatch has been named President and Chief Executive Officer. Mr. Hatch also will be joining the Board of Directors. Mr. Hatch will begin his full time employment on February 1, 2016.

"In order to maximize Quest's strong growth potential, we are putting a strong operations executive in place to enhance our ability to meet the current and future needs of our customers. We are accelerating our focus on execution to strive to make the most of our opportunities," said Interim CEO, Mike Golden.

Hatch, a 25 year veteran, served as President of Merchants Market Group, an international food service distribution company, from February 2014 to January 2016. From June 2008 to January 2014, Mr. Hatch served in various roles with Oakleaf Waste Management, a provider of waste outsourcing that was acquired by a subsidiary of Waste Management, including as Executive Vice President and Chief Operating Officer. "Ray is a proven, outstanding leader," Golden continued. "For more than two decades, Ray has established an exemplary track record of performance on both the operations and growth sides of the equation."

"I am very excited to be leading Quest. I think my experience and interests match the position very well. I look forward to building on the strong foundation that has been built and to work toward enhancing shareholder value," said Mr. Hatch.

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. Currently, Quest services over 40,000 customer locations in the United States. 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 comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national clients to have a single point of contact for managing a variety of waste streams and recyclables. Through our wholly owned subsidiary www.earth911.com, Quest provides a 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. Quest provides these programs through its subsidiaries, Quest Resource Management Group, LLC and Earth911, Inc.

Quest supports the efforts of companies to maximize profits and mitigate risks, while minimizing their ecological footprints. Quest's clients span numerous industry segments, including food services, hospitality, healthcare, manufacturing, construction, automotive aftermarket, and fleet industries. Quest provides clients with comprehensive sustainability programs, innovative recycling solutions, and environmental protection. Quest prides itself in delivering targeted solutions exclusively tailored to the needs of each respective client.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which provides a "safe harbor" for such statements in certain circumstances. The forward-looking statements include statements regarding Quest's strong growth potential, Quest's attempt to enhance its ability to meet the current and future needs of its customers, Quest's accelerating its focus on execution to strive to make the most of its opportunities, Mr. Hatch's status as a proven, outstanding leader who has established an exemplary track record of performance on both the operations and growth side of the equation. These statements are based on our current expectations, estimates, projections, beliefs, and assumptions. Such statements involve significant risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including, but not limited to, competition in the environmental services industry, the impact of the current economic environment, and other factors discussed in greater detail in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2014. You are cautioned not to place undue reliance on such statements and to consult our SEC filings for additional risks and uncertainties that may apply to our business and the ownership of our securities. Our forward-looking statements are presented as of the date made, and we disclaim any duty to update such statements unless required by law to do so.

Contact Information

  • Contact:
    Union Square Associates
    Ross DiMaggio
    212-675-2100