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BUSINESS/ORGANIZATIONAL
BRIEFS
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Wolok now consulting for waste industry
Bill Wolok, founder of Benlee, Inc. and currently
a consultant for the business, has expanded
his services by creating a new business –
WBW Sales, LLC.
WBW Sales, located in Bloomfield Hills, Michigan,
will provide consulting services and equipment
for the waste industry.
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Randy LeClair joins sales force at SC Environmental
Randy LeClair has joined the sales department
at SC Environmental, LLC.
LeClair is based in Wisconsin and will be
selling waste and recycling equipment and
systems. SC Environmental sells and services
electronic waste, wire, cable and radiator
processing systems, balers, shredders, conveyors,
and scrap processing equipment to many industries.
LeClair has 32 years experience in the scrap
metal processing industry.
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Patrick Industries sells extrusion operations
Patrick Industries, Inc., a manufacturer
and distributor of building and component
products for the recreational vehicle, manufactured
housing and industrial markets, announced
that it has completed the sale of certain
assets of its aluminum extrusion operation
located in Mishawaka, Indiana to Patrick
Aluminum, Inc.
Net proceeds from the sale were $7.4 million
and are subject to final transaction costs
and certain closing adjustments.
Approximately $4.4 million of the net proceeds
were used to pay down principal on the company’s
term loan and pay off its Economic Development
Revenue Bonds related to this facility, and
the remaining funds were used to reduce borrowings
on the company’s revolving line of credit.
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Hedge fund manager joins ThermoEnergy board
ThermoEnergy Corporation an integrated technologies
company engaged in the worldwide commercialization
of patented and proprietary municipal and
industrial wastewater treatment and power
generation technologies, announced that J.
Winder Hughes, III, has joined the company’s
board of directors.
Hughes is the managing director of the private
equity firm of Hughes Capital Investors,
LLC. In 2000, Hughes formed the Focus Fund,
LP, a Florida-based, highly concentrated
equity partnership that focuses on publicly-traded
emerging growth companies. Over the past
two years, the Focus Fund has become one
of the largest investors in ThermoEnergy
Corporation. Prior to the formation of Hughes
Capital and the Focus Fund, Hughes held positions
with Prudential Securities, Kidder, Peabody & Co.,
and Barnett Banks of Florida.
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Veolia acquires certain assets from Republic
Veolia ES Solid Waste, Inc. announced it
has acquired certain assets in Kentucky from
Republic Services, Inc. being divested as
a result of Republic’s recent merger with
Allied Waste Industries, Inc. These newly
acquired assets will provide additional incremental
volumes at existing Veolia ES Solid Waste
landfills in Kentucky and are expected to
generate approximately $2.2 million in annual
revenue.
The assets consist of five commercial collection
routes in and around Lexington, Kentucky.
The waste collected will be internalized
at the Veolia ES Morehead Landfill in Rowan
County.
Details of the transaction were not disclosed.
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Nick Narsavidze appointed CEO of USST Holdings
USST Holdings announced the promotion of
Nick Narsavidze, former senior vice president
of business development of U.S. Science & Technology
Corporation, to the position of chief operating
officer of USST Holdings, Inc.
USST Holdings also announced the formation
of the holding company’s initial operating
subsidiary, U.S. Science & Technology
Corporation, which will lead engineering
and science aspects of the company’s waste-to-energy
and renewable energy projects.
As chief operating officer, Narsavidze will
serve as the primary liaison between USST
Holdings and the leadership of U.S. Science & Technology
Corporation, whose leadership appointments
will be announced in the coming weeks.
In 1999, Narsavidze launched TNN International
Inc., a firm focused on finding, researching,
marketing and deploying new technologies,
products and services between the United
States and Eastern Europe. He also worked
closely with the Ministry of the Environment
and Protection Agency of Ukraine on developing
technologies and technology transfers from
the United States to solve environmental
and ecological issues such as emissions and
exhaust gases from metallurgical plants and
other factories.
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Smurfit-Stone names Cutter vice president
of R&D
Smurfit-Stone Container Corporation announced
the promotion of Jim Cutter to vice president
of its research and development (R&D)
group.
Cutter will oversee all R&D related activities,
including management of Smurfit-Stone’s packaging
testing lab in Carol Stream, Illinois. He
will also oversee the integration of Smurfit-Stone’s
Packaging Consultant/Value Proposition Proposal
(VPP) team, which helps customers identify
ways to improve productivity and efficiency
in their packaging operations.
Cutter joined Smurfit-Stone in 2007 as senior
director of their Packaging Consultant/VPP
team.
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Cherry opens stabilized material plant
Cherry’s Stabilized Materials Division has
opened another stabilized material plant,
giving the company a total of four stabilized
facilities in the greater Houston Area. This
newest plant produces stabilized road base
material for companies located primarily
in northwest Houston.
The new stabilized materials (pug mill) plant
has a production capacity of 750 tons per
hour of stabilized road base material. A
state-of-the-art facility, the new pug mill
plant has one of the largest production capacities
in the Houston area and is situated on a
10-acre site where Cherry operates a large
concrete recycling facility.
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MPI signs agreement with Eclipse Magnetics
Magnetic Products, Inc. (MPI), a worldwide
provider of both magnetic and non-magnetic
material handling solutions, announced that
it has recently been named master agent of
Eclipse products in the United States.
Eclipse Magnetics, Ltd., based in Sheffield,
United Kingdom, manufactures over 20,000
different products, including magnets, magnet
assemblies, magnet sub-assemblies, magnetic
tools, magnetic chucks, magnetic separators,
magnetic filters, magnetic accessories and
custom engineered magnetic handling units.
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EnergySolutions adds two new directors to
board
EnergySolutions, Inc. announced changes to
the EnergySolutions board of directors. Lance
Hirt, who has served as a board member since
2005, is stepping down after serving as chairman
from 2005-07 and currently as a board director.
New appointments to the board of directors
are Clare Spottiswoode from the United Kingdom
and Dr. Pascal Colombani from France. Clare
Spottiswoode has served in several capacities
in the United Kingdom including director
general of Ofgas, the regulator of the gas
industry. During her career she has also
acted as an economist at HM Treasury, lectured
at London Business School and set up and
managed private business interests. She has
also held a number of non-executive directorships
including deputy chairman of British Energy.
Dr. Colombani is a member of the French Academy
of Technology and has been a senior advisor
for high technology and energy at AT Kearney
Paris since 2003. Dr. Colombani has held
a number of positions in the nuclear energy
sector, including chairman and CEO of the
French Atomic Energy Commission (CEA), chairman
of the Supervisory Board of Areva. Dr. Colombani
holds a doctorate in science from the University
of Paris Sud.
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O-I announces managing director of China
Owens-Illinois, Inc. has selected Paul Wang
to serve as the company’s managing director
in China.
Wang joins O-I from International Paper,
where he held a number of senior level positions
in sales and marketing, business development,
government relations and general management.
In his new role at O-I, Wang will be located
in Shanghai and will assume responsibility
for all of the company’s operations in China.
As part of his role, Wang will also support
global operations through low cost strategic
sourcing from China through O-I’s China Trading
Company and Tianjin Mould Company. A top
priority will be accelerating O-I’s growth
strategy in China, including organic growth
and merger and acquisition activity.
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Perma-Fix announces departure of COO
Perma-Fix Environmental Services, Inc. announced
that the company has accepted the resignation
of Larry McNamara, as vice president and
chief operating officer of the Company.
The resignation was effective September 1,
2009. McNamara’s duties as chief operating
officer will be temporarily assumed by Dr.
Louis F. Centofanti, the Company’s chairman
of the board, president and chief executive
officer, while the Company commences a search
for a new chief operating officer.
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Oakleaf hires LaMancuso as chief sales officer
Oakleaf, a provider of sustainable waste
logistics and recycling solutions, has announced
the hiring of John LaMancuso as chief sales
officer.
LaMancuso brings with him a wealth of executive
sales and management experience including
a successful tenure with Automatic Data Processing,
Inc. (ADP). Throughout his 25 years with
ADP, LaMancuso held management roles with
increasing levels of responsibility. Most
recently he served as senior vice president
of sales for the major accounts division
in Parsippany, New Jersey.
In his role as chief sales officer, LaMancuso
will position Oakleaf as a total solution
that encompasses the four smaller divisions,
and implement strategies to effectively cross
market those services. Leading a sales force
of 60, LaMancuso will be responsible for
all sales efforts and initiatives for the
waste logistics and recycling division, Oakleaf’s
largest business unit, which currently generates
over $525 million in revenue. LaMancuso will
push pipeline development, and evaluate best
practices to facilitate a best-in-class sales
infrastructure.
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Round2 announces expanded executive team
Round2, Inc. announced the expansion of its
executive leadership team with the addition
of Mark Chazanow as chief operating officer
and Tanya Putnam as chief financial officer.
Chazanow brings more than 16 years of experience
in the industrial recycling industry. Chazanow
founded his prior company, Metallic Incorporated,
in 1999 and led the organization through
a successful sale to a major metals management
company. Chazanow will be responsible for
the daily management of Round2’s operations
for the company.
Putnam, a prior controller at Dell, Inc.,
complements the Round2 executive team with
nearly 20 years of experience directing finance,
accounting and human resource teams. Putnam’s
specialty is building and consolidating divisions
during periods of corporate growth and leading
them to higher levels of performance. Putnam’s
will be responsible for managing Round2’s
financial health throughout its important
growth period.
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BP and Verenium partner in ethanol production
BP and Verenium Corporation announced that
its 50-50 joint venture company will operate
under the name Vercipia Biofuels and plan
to relocate its corporate headquarters to
Florida.
Vercipia will focus on the development of
one of the nation’s first commercial-scale
cellulosic ethanol facilities, located in
Highlands County, Florida.
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