Quest Resource Holding Corporation Appoints Brett Johnston as Senior Vice President and Chief Financial Officer

Rhea-AI Summary

Quest Resource Holding Corporation (NASDAQ: QRHC) announced the appointment of Brett Johnston as Senior Vice President and Chief Financial Officer, effective November 1, 2022. Johnston has nearly 20 years of experience, primarily at Arcosa, where he led financial strategy and M&A initiatives. CEO Ray Hatch highlighted Johnston's extensive financial and strategic experience as crucial for maintaining Quest's service leadership and profitability. Johnston is enthusiastic about contributing to Quest's growth and sustainability initiatives, leveraging the company's asset-light business model and national platform.

Positive

• Appointment of Brett Johnston as CFO expected to enhance financial strategy and operations.
• Johnston's extensive experience in finance and M&A may drive future growth.
• Strong leadership anticipated to improve profitability and operational processes.

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• None.

THE COLONY, Texas, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ: QRHC) ("Quest"), a national leader in environmental waste and recycling services, today announced that it has appointed Brett Johnston as Senior Vice President and Chief Financial Officer, effective November 1, 2022.

Prior to Quest, Mr. Johnston, 46, spent nearly 20 years at Arcosa, Inc., most recently serving as Senior Vice President of Arcosa’s Construction Products Group and leading a 50+ member accounting, finance and IT team. During his tenure, he led the successful implementation of new accounting and finance systems and processes within Arcosa’s fastest growing segment. In addition, Mr. Johnston played a key role in Arcosa’s M&A strategy, including contributing to target development and screening, as well as overseeing teams responsible for due diligence and integrations. Mr. Johnston holds an MBA from the University of Texas and a Bachelor of Science in Economics from Texas A&M University.

“I am excited to welcome Brett to Quest as our next Chief Financial Officer,” said Ray Hatch, Quest’s CEO. “Brett is a talented, results-oriented leader with extensive financial, strategy, systems, and M&A experience, all of which are of vital importance in maintaining our reputation as a service leader and driving growth and continuous improvements in our profitability and returns.”   

“I look forward to working with Quest’s management team and being part of a rapidly growing company that serves a critical need to help large companies improve sustainability in a cost-effective manner. With its compelling customer value position, asset light business model, and established national platform, I see significant opportunities for profitable growth that will continue to benefit from advantages of scale,” said Brett Johnston.

About Quest Resource Holding Corporation
Quest is a national provider of waste and recycling services that enable larger businesses to excel in achieving their environmental and sustainability goals and responsibilities. Quest delivers focused expertise across multiple industry sectors to build single-source, client-specific solutions that generate quantifiable business and sustainability results. Addressing a wide variety of waste streams and recyclables, Quest provides information and data that tracks and reports the environmental results of Quest’s services, gives actionable data to improve business operations, and enables Quest’s clients to excel in their business and sustainability responsibilities. For more information, visit www.qrhc.com.

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. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, as 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, 2021. 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.

Investor Relations Contact:

Three Part Advisors, LLC
Joe Noyons
817.778.8424

FAQ

Who is the new CFO of Quest Resource Holding Corporation?

Brett Johnston has been appointed as the new Senior Vice President and Chief Financial Officer of Quest Resource Holding Corporation.

When will Brett Johnston start his role as CFO at QRHC?

Brett Johnston will assume the role of CFO on November 1, 2022.

What experience does Brett Johnston bring to QRHC?

Brett Johnston has nearly 20 years of experience in financial leadership, particularly from his tenure at Arcosa, where he managed finance and M&A strategies.

What is the expected impact of Johnston's appointment on QRHC?

Johnston's appointment is expected to enhance financial strategies and drive growth, maintaining the company's reputation as a service leader.

What are Quest Resource Holding Corporation's main services?

Quest provides environmental waste and recycling services to help businesses achieve their sustainability goals.