Otto Environmental Systems North America Inc. announced that Michael P. Costello has been named the company’s new president. Costello takes over the leadership role from departing CEO Dave Piejak.
“We all want to thank Dave for his time and commitment to the company,” said Costello in a statement. “Dave came in at a difficult time in our history and laid the groundwork for a new Otto. He worked hard to stabilize the company and prepare us for our transition to growth mode.”
Callidus Capital Corporation, the owner of Otto, appointed Costello to strategically align with the customers it serves in the waste and recycling industry as it continues to grow its market share.
Costello has more than two-and-a-half decades of leadership experience in the waste industry and is committed to what originally made Otto a force in the industry: the manufacturing, sales and service of waste containers, the company noted.
“I’ve been in the waste industry for over 25 years, holding leadership roles with WM [Waste Management], Allied, BFI [Browning-Ferris Industries] and owning my own waste company. I know what our customers need to serve their residential customers,” said Costello. “What separates us is our commitment to our customers. Otto is the only residential cart manufacturer that focuses only on waste carts as our core business.”