American Ecology Shareholders Elect New Directors; Roger P. Hickey to Serve as Chairman of the Board.Business Editors BOISE, Idaho--(BUSINESS WIRE)--June 3, 2002 American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) today announced that its shareholders elected seven individuals to serve as Directors at the Company's Annual Meeting in Chicago, Illinois, on May 30, 2002. Roger P. Hickey of Chicago was appointed to serve as Chairman at the Board of Directors' subsequent meeting. "I look forward to working with the other highly qualified Directors of American Ecology and the Company's new management team to build shareholder value," Hickey stated. "I believe American Ecology is well positioned to take advantage of ongoing consolidation trends in the hazardous and radioactive waste service industries," he added. Hickey brings extensive experience in business and finance as President of Chicago Partners, a consulting firm specializing in finance, intellectual property, and business strategy. Hickey has served on the Boards of other publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . As an entrepreneur, Hickey founded and manages an intellectual property development company and an internet financial services company. Hickey previously served as Economic Advisor to the Commissioner of the U.S. International Trade Commission. "On behalf of our longstanding Board members, we are pleased to welcome four new Directors," stated longtime Board member Edward F. Heil. "The new, young, aggressive talent represented on our new management team, and now on our Board of Directors, is an excellent complement to the strong industry experience of our continuing Board members," Heil added. Continuing Board members include Edward F. Heil, Paul F. Schutt, and Thomas A. Volini. Joining the Board are new Directors Roger P. Hickey, Roy C. Eliff, John M. Couzens, and American Ecology President and Chief Executive Officer Stephen A. Romano. Romano joins the Board of Directors after being named President in October 2001, and Chief Executive Officer in March 2002. Romano has been with American Ecology and its subsidiaries for 12 years. Prior to assuming senior executive duties, 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 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 Department of Energy National Low-Level Radioactive Waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) Program, 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]. . John M. Couzens is President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Qwest Digital Media, a subsidiary of Anschutz Company of Denver, Colorado. Couzens has been President and CEO of other Anschutz portfolio companies. He was previously Corporate Bank Division Head with Northern Trust Corporation. Roy C. Eliff is an acquisitions and mergers consultant to solid waste and environmental companies. Previously, Eliff served for 20 years as Vice President of Corporate Development and Acquisitions at Browning Ferris Industries. 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, American Ecology 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 growth 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 Form 10-Q See 10-Q. filed with the Securities and Exchange Commission. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion