Allied Waste Industries, Inc. (NYSE: AW), a leading waste services company, today announced the appointment of Charles H. Cotros as Chairman of the Board of Directors and Chief Executive Officer, succeeding Tom Van Weelden. Mr. Van Weelden will continue to serve as Allied Waste’s President, responsible for Sales, Operations and Market Planning and Development, and will remain a member of the Board of Directors. He will report to Mr. Cotros. The appointment of Mr. Cotros, which was unanimously approved by the Company’s Board of Directors, is effective immediately.
Mr. Cotros, who has served on Allied Waste’s Board of Directors since July, previously served as Chairman and CEO of SYSCO Corporation, the largest foodservice marketing and distribution organization in North America, most recently as its Chairman and CEO, from 2000 to 2002. For their fiscal year 2002, SYSCO reported revenues of more than $23 billion. His distinguished 43-year-long career in the foodservice distribution industry included 28 years with SYSCO.
“Charles Cotros is an outstanding addition to the Allied management team,” said Dennis Hendrix, Lead Director of the Allied Waste Board. “This is an appropriate time in the Company’s development to add an individual with the leadership and strategic skills demonstrated by Charles during his career at one of America’s most successful companies. His leadership skills will complement the operations strengths of Allied’s existing management team.”
Tom Van Weelden, President of Allied Waste added, “Charles has already contributed his seasoned perspective to the Company in his brief tenure as a Board member. I and the rest of our executive team look forward to working more closely with him as we work to capture the many opportunities available to Allied Waste.”
“This is a very exciting time to be joining the senior leadership team at Allied Waste,” said Charles Cotros, Chairman and CEO of Allied Waste. “Allied Waste is a fundamentally strong Company in a very stable industry, and I look forward to playing a role with Tom, the rest of our management team and all our employees to take this Company to the next level.”
Mr. Cotros began his career in the foodservice industry in 1960 with his family’s business, Tri-State General Food Supply. After the company merged with SYSCO in 1974 he served as president of the Memphis operation from 1975 to 1977 and 1982 to 1988. During the 1977 to 1982 interim period, he was president of SYSCO’s Jackson, Mississippi operation. Upon returning to Memphis in 1982, he was that operation’s chief executive officer while simultaneously serving as chairman of SYSCO companies in Arkansas, Louisiana, Mississippi and Kentucky. Mr. Cotros was elected to SYSCO’s board of directors in 1986 and, in 1988, was appointed executive vice president of the corporation and president, foodservice operations. He was elected chief operating officer of SYSCO in 1995 and assumed the additional role of president of the corporation in 1999.