Casella Waste Systems Announces Appointment of Kevin J. Drohan as Chief Accounting Officer

Rhea-AI Summary

Casella Waste Systems (Nasdaq: CWST) has announced the promotion of Kevin J. Drohan to Vice President and Chief Accounting Officer, effective April 1, 2022. Drohan joined Casella in August 2021 as Corporate Controller. He takes over from Christopher B. Heald, who has retired after 20 years with the company. Chairman and CEO John W. Casella praised Drohan's integrity, technical skills, and leadership style. Drohan brings extensive experience from prior roles at Sprague Resources and other companies, holding both an MBA and a CPA license.

Positive

• Kevin J. Drohan promoted to Vice President and Chief Accounting Officer, indicating strong internal leadership.
• Drohan's prior experience as Corporate Controller since August 2021 suggests continuity in leadership.
• His background at Sprague and other firms enhances confidence in his technical expertise.

Negative

• Transition from Christopher B. Heald may introduce concerns about continuity in accounting leadership.

RUTLAND, Vt., March 31, 2022 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (Nasdaq: CWST), a regional solid waste, recycling and resource management services company, announces the promotion of Kevin J. Drohan, its Corporate Controller, to Vice President and Chief Accounting Officer effective April 1, 2022. As previously announced, Christopher B. Heald retired today from his position as the Company’s Chief Accounting Officer, after a 20-year career with the company.

“Kevin joined our team in August 2021, and he has seamlessly transitioned into our finance team and our culture,” said John W. Casella, Chairman and CEO of Casella. “Kevin has demonstrated strong integrity throughout his career and is highly regarded for his hard work, technical skills, and commitment to developing and leading teams. We are confident that his leadership style and career experiences will help him to successfully lead our accounting team and contribute to our continued success.”

“I would like to sincerely thank Chris for his exemplary service to the company and his strong contributions to our success throughout his tenure with the company,” Casella said. “Chris has demonstrated the utmost integrity, a strong work ethic, and a high level of service to our team throughout his exemplary career at the company.”

Since August 2021, Mr. Drohan has served as Corporate Controller for Casella. From 2015 until he joined Casella, Mr. Drohan served as the Corporate Controller for Sprague Resources, LP (“Sprague”), a publicly traded regional provider of industrial, commercial and residual energy products. In this position, Mr. Drohan’s role evolved to include responsibility for managing Sprague’s accounting team and processes, external financial reporting, state and federal tax filings, acquisition diligence and accounting, financial system upgrades, coordination and execution of external audits, as well as the creation and management of company budgets, forecasts, and benchmark analyses. From 2007 through 2015, Mr. Drohan held various finance and accounting roles of increasing responsibility at Sprague. Prior to Sprague, Mr. Drohan held accounting and audit roles at Stanley Black & Decker, EY, and BerryDunn.

Mr. Drohan holds a Master’s in Business Administration from the University of New Hampshire, a Bachelor of Science in Business Administration with an Accounting Concentration from the University of New Hampshire and is a Licensed Certified Public Accountant (CPA) in the State of New Hampshire.

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 should contact Ned Coletta, chief financial officer at (802) 772-2239, and media should contact Joseph Fusco, vice president at (802) 772-2247, or visit the company’s website at http://www.casella.com.

Investors:
Ned Coletta
Chief Financial Officer
(802) 772-2239

Media:
Joseph Fusco
Vice President
(802) 772-2247

http://www.casella.com

FAQ

Who is the new Chief Accounting Officer of Casella Waste Systems?

Kevin J. Drohan has been promoted to Vice President and Chief Accounting Officer, effective April 1, 2022.

What experience does Kevin J. Drohan bring to Casella Waste Systems?

Drohan has prior experience as Corporate Controller at Casella and extensive accounting roles at Sprague Resources and other companies.

Why did Christopher B. Heald retire from Casella Waste Systems?

Christopher B. Heald retired after 20 years with the company, marking the end of a long and successful tenure.

What impact may Drohan's promotion have on Casella Waste Systems?

Drohan's promotion may provide continuity in the accounting department, leveraging his experience and leadership skills.