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Divert, Inc. Announces Appointment of Timothy M. Laurion to Board of Directors

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Divert, an impact technology company focused on food value protection, has appointed Timothy M. Laurion to its parent company's board of directors. Laurion brings over 41 years of corporate and investment banking experience from Bank of America, where he served as managing director and senior corporate banker. As one of the nation's leading environmental services bankers, he has structured over $100 billion in credit facilities and maintained relationships with top environmental firms. He currently serves on the board of Enviri (NYSE: NVRI) and brings extensive experience in strategic advisory, capital raising, and mergers and acquisitions.

Divert, una società tecnologica innovativa focalizzata sulla protezione del valore alimentare, ha nominato Timothy M. Laurion nel consiglio di amministrazione della sua società madre. Laurion vanta oltre 41 anni di esperienza nel settore bancario aziendale e degli investimenti presso Bank of America, dove ha ricoperto il ruolo di direttore generale e banchiere aziendale senior. Come uno dei principali banchieri di servizi ambientali del paese, ha strutturato oltre 100 miliardi di dollari in strutture di credito e ha mantenuto relazioni con le principali aziende ambientali. Attualmente è membro del consiglio di Enviri (NYSE: NVRI) e porta con sé una vasta esperienza in consulenza strategica, raccolta di capitali e fusioni e acquisizioni.

Divert, una empresa de tecnología de impacto centrada en la protección del valor alimentario, ha nombrado a Timothy M. Laurion para formar parte de la junta directiva de su empresa matriz. Laurion aporta más de 41 años de experiencia en banca corporativa e inversión en Bank of America, donde se desempeñó como director gerente y banquero corporativo senior. Como uno de los banqueros de servicios ambientales más destacados del país, ha estructurado más de 100 mil millones de dólares en instalaciones de crédito y ha mantenido relaciones con las principales empresas del sector ambiental. Actualmente, forma parte de la junta de Enviri (NYSE: NVRI) y posee una amplia experiencia en asesoría estratégica, captación de capital y fusiones y adquisiciones.

Divert는 식품 가치 보호에 중점을 둔 임팩트 기술 회사로, Timothy M. Laurion을 모회사 이사회에 임명했습니다. Laurion은 Bank of America에서 관리 이사와 고위 기업 은행가로 근무하며 41년 이상의 기업 및 투자 은행 경험을 가지고 있습니다. 그는 나라에서 가장 저명한 환경 서비스 은행가 중 한 명으로, 1000억 달러 이상의 신용 시설을 구조화하고 주요 환경 기업들과의 관계를 유지해왔습니다. 현재 그는 Enviri (NYSE: NVRI)의 이사로 활동하며, 전략 자문, 자본 조달 및 인수 합병에 대한 풍부한 경험을 가지고 있습니다.

Divert, une entreprise de technologie d'impact axée sur la protection de la valeur alimentaire, a nommé Timothy M. Laurion au conseil d'administration de sa société mère. Laurion apporte plus de 41 ans d'expérience dans la banque d'affaires et d'investissement au sein de Bank of America, où il a occupé le poste de directeur général et de banquier d'affaires senior. En tant que l'un des principaux banquiers des services environnementaux du pays, il a structuré plus de 100 milliards de dollars en facilités de crédit et a maintenu des relations avec les meilleures entreprises environnementales. Il siège actuellement au conseil de Enviri (NYSE: NVRI) et possède une vaste expérience en conseil stratégique, levée de fonds et fusions et acquisitions.

Divert, ein Unternehmen für Impact-Technologie mit Schwerpunkt auf dem Schutz des Nahrungsmittelwerts, hat Timothy M. Laurion in den Vorstand seiner Muttergesellschaft berufen. Laurion bringt über 41 Jahre Erfahrung im Firmen- und Investmentbanking von Bank of America mit, wo er als Geschäftsführer und leitender Unternehmensbanker tätig war. Als einer der führenden Banker für Umweltservices des Landes hat er über 100 Milliarden Dollar in Kreditfazilitäten strukturiert und Beziehungen zu den besten Umweltunternehmen gepflegt. Derzeit ist er im Vorstand von Enviri (NYSE: NVRI) und bringt umfassende Erfahrung in strategischer Beratung, Kapitalbeschaffung sowie Fusionen und Übernahmen mit.

Positive
  • Appointment of seasoned financial executive with 41 years of banking experience
  • Addition of expert with proven track record in environmental services sector
  • Strategic expertise in capital raising and M&A, having structured over $100B in credit facilities
Negative
  • None.

Laurion brings more than 30 years of leadership in environmental services banking at Bank of America

WEST CONCORD, Mass.--(BUSINESS WIRE)-- Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, announced today the appointment of Timothy M. Laurion to the board of directors of Ara Divert Holdco, its parent company. Laurion brings more than 41 years of leadership in corporate and investment banking from Bank of America, with the majority of his career focused on the environmental services industry.

“We are thrilled to welcome Tim to the Divert board during a crucial period of rapid growth and development for our company,” said Ryan Begin, CEO and co-founder, Divert. “Tim is highly regarded across the waste management and environmental banking industry and has extensive knowledge from a long and successful career at Bank of America. He will bring invaluable insights and strategic guidance as we navigate new opportunities for the business to drive Divert’s mission forward.”

Laurion spent his entire career at Bank of America, where he served as a managing director and senior corporate banker in the global corporate and investment banking division. He is considered one of the nation’s leading bankers to the environmental services industry, having developed and maintained lead banker relationships with most of the country’s top environmental and waste firms in the last 30 years of his career.

“After a decades-long career of serving the waste industry, I am pleased to join Divert’s board,” said Laurion. “I am deeply aligned with the company’s mission and highly impressed by the exceptional team that’s been built to drive Divert to its next level of success. I look forward to working alongside the entire board to advance the company’s vision for a sustainable future.”

In addition to his broad knowledge of the environmental sector, Laurion brings extensive experience as a trusted strategic advisor, providing counsel on capital raising, mergers and acquisitions, balance sheet management, capital allocation, and growth planning. He has structured and arranged over $100 billion in credit facilities to support the growth initiatives of his clients over the many decades in the environmental sector.

Since 2023, Laurion has also served as a member of the board of directors of Enviri Corporation (NYSE: NVRI), a leading environmental solutions company, and a member of the audit and governance committees of the board.

Tim has a Bachelor of Arts from Bowdoin College, a Master of Business Administration from Suffolk University, and is a Chartered Financial Analyst (CFA).

For more information about Divert, please click here.

About Divert, Inc.

Divert, Inc. is an impact technology company on a mission to Protect the Value of Food™. Founded in 2007, the company creates advanced technologies and sustainable infrastructure to address wasted food, driving social and environmental impact. Divert provides an end-to-end solution that leverages data to prevent waste, facilitates edible food recovery to serve communities in need, and converts unsold food products into renewable energy. Through this integrated approach - Prevent, Provide, Power™ - the company works with over 7,200 customer locations across the U.S. to reduce wasted food and positively impact people and the environment. Its customer base spans across industries and includes five Fortune 100 companies. For more information on Divert, Inc., please visit www.divertinc.com and follow the company on LinkedIn, X, Threads, Instagram, Facebook, and YouTube.

Divert Media Contact

Caroline Legg

Director of Public Relations

(203) 313-4228

clegg@divertinc.com

Source: Divert, Inc.

FAQ

Who is the new board member appointed to Divert's parent company?

Timothy M. Laurion, a former Bank of America managing director with over 41 years of corporate and investment banking experience, has been appointed to the board of directors of Ara Divert Holdco.

What is Timothy Laurion's role at Enviri (NYSE: NVRI)?

Since 2023, Timothy Laurion has served as a member of the board of directors of Enviri (NYSE: NVRI) and is a member of the audit and governance committees of the board.

What is Timothy Laurion's banking experience in the environmental services sector?

Laurion has over 30 years of experience in environmental services banking at Bank of America, where he structured over $100 billion in credit facilities and maintained relationships with top environmental firms.

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