Stephen Ursery, Editor, Waste Age Magazine

November 1, 2004

1 Min Read
Season of Change

CHANGES ARE UNDERFOOT at Allied Waste Industries Inc., Scottsdale, Ariz., to help improve company performance. In early October, Allied announced that Charles H. Cotros had replaced Thomas Van Weelden as chairman and CEO. At first, the company announced that Van Weelden would continue in his position as the firm's president. However, just weeks later, Van Weelden resigned, “effective immediately,” to “pursue other interests,” according to Allied. Cotros will now also serve as president.

Cotros, a 43-year veteran of the food service industry who worked as chairman and CEO of Sysco Corp. from 2000 until his retirement in 2002, was appointed to Allied's board of directors in July.

“I speak for the entire organization when I say that we are not happy with the overall operating results, and we need to get back on track,” Cotros said in a conference call announcing his hiring as chairman and CEO. “We have consistently not grown the business and, from an earnings perspective, have disappointed our stakeholders.”

To further “maximize efficiency” in operating procedures, Allied will be changing its organizational structure, according to a filing with the Washington, D.C.-based U.S. Securities and Exchange Commission. The company expects this reorganization will lead to the elimination of 30 jobs. Allied, which organizes itself geographically into 12 regions, “will eliminate its four areas and reduce the number of regions by three” to nine. Some of the remaining districts will be re-aligned, the firm has indicated. “Related restructuring and other costs are anticipated to be between $5 million and $10 million,” the company's SEC filing says.

About the Author(s)

Stephen Ursery

Editor, Waste Age Magazine, Waste360

Stephen Ursery is the editor of Waste Age magazine. During his time as editor, Waste Age has won more than 20 national and regional awards. He has worked for Penton Media since August 1999. Before joining Waste Age as the magazine's managing editor, he was an associate editor for American City & County and for National Real Estate Investor.

Prior to joining Penton, Stephen worked as a reporter for The Marietta Daily Journal and The Fulton County Daily Report, both of which are located in metro Atlanta.

Stephen earned a BA in History from Rhodes College in Memphis, Tenn.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like