MAY 2012

Covanta sharpens focus on organic growth

Covanta Holding Corporation made several management reassignments within its senior team in order to more sharply focus on organic growth, new technology and project development initiatives. Effective immediately, Seth Myones, John Klett and Matthew Mulcahy will take on the roles of executive vice president and chief operating officer, executive vice president and chief technology officer and senior vice president, head of corporate development, respectively.

As chief operating officer for the company, Myones will be responsible for all of Covanta’s operations, including safety, health and environmental programs, client relations, facility production and energy risk management. In addition, he will be responsible for the company’s various organic growth initiatives including the expansion of the Covanta 4Recovery waste services business, enhanced metal recovery and innovative efficiency improvements. Myones has been with Covanta since 1989, most recently serving as president of the Americas.

In the newly created role of chief technology officer, Klett will focus on developing and commercializing new Energy-from-Waste technologies as well as supporting technologies. He will also continue to oversee the company’s research and development efforts which have successfully commercialized ash conditioning and Low NOx technologies among other achievements. Within this role, Klett will focus on improving and expanding service to existing customers and opening markets for new customers. He has over 40 years of hands-on experience in power plant operation, including 30 years in the energy-from-waste industry. He joined Covanta in 1986 and most recently served as chief operating officer.

In his role as senior vice president, head of corporate development, Mulcahy will be responsible for Covanta’s strategy, development and mergers & acquisitions. In this capacity, he will lead the UK and Americas development teams and work closely with Klett to develop new technology. Mulcahy has been with Covanta since 1990, most recently as Covanta Energy’s senior vice president, development for the Americas.