American Ecology Board of Directors Appoints Steve Romano Chief Executive Officer; Romano Brings Extensive Experience in Radioactive and Hazardous Waste Management.Business Editors BOISE, Idaho--(BUSINESS WIRE)--March 18, 2002 The Board of Directors of American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), today announced that Stephen Romano has been appointed Chief Executive Officer of the Company, effective immediately. Romano was named President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Company in October 2001 and retains those titles. "We are very pleased to appoint Steve Romano to lead American Ecology as Chief Executive Officer," stated Board Member Edward F. Heil, adding, "The Board has full confidence in Steve's ability to manage the organization, deliver excellent services to our customers, and generate improved earnings for our investors." Romano has served in capacities of increasing responsibility with American Ecology and its subsidiaries for more than 12 years. Prior to his appointment as President and Chief Operating Officer, Romano was Vice President for Business Development and led the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. team for the Company's successful acquisition of Envirosafe Services of Idaho (now subsidiary US Ecology Idaho) in February 2001. Romano brings 22 years of experience in radioactive and hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. management with the Company, the U.S. Nuclear Regulatory Commission Nuclear Regulatory Commission (NRC), an independent U.S. government commission, created by the Energy Reorganization Act of 1974 and charged with licensing and regulating civilian use of nuclear energy to protect the public and the environment. , the Idaho National Environmental and Engineering Laboratory, and the Wisconsin Department of Natural Resources The Wisconsin Department of Natural Resources (WDNR) is an agency of the state of Wisconsin. Its purpose is to preserve, protect, manage and maintain the natural resources of the state[1]. . "I look forward to working with the excellent team of professionals we have assembled at American Ecology to execute our new, Board-approved business strategy and drive earnings growth," Romano stated. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. , hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, steel mills, medical and academic institutions and petro-chemical facilities. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release contains forward-looking statements that are based on our current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. Actual results may differ materially from what is expressed herein and no assurance can be given that the company can successfully implement its new business strategy or generate future earnings. For information on factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , and most recent Form 10-Q filed with the Securities and Exchange Commission. |
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