American Ecology announces reorganization of businesses.American Ecology Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) announced the reorganization of the company's business activities into two operating units. American Ecology's nuclear waste programs will be consolidated under US Ecology, Inc., to be headquartered at the company's facility at Oak Ridge Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , Tenn., with Jon Stouky as president. American Ecology's chemically-related activities will be restructured under American Ecology Chemical Services (AESC AESC Association of Executive Search Consultants AESC American Engineering Standards Committee AESC Automatic Electronic Switching Center AESC Aerospace Environmental Support Center AESC Aeromedical Evacuation Support Cell AESC Aerojet Electrosystems Company ) which will be headquartered in the Houston area with Edmund Gorman as president. The Company's corporate functions will be streamlined and moved from Houston to Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. . Daily control of the the two new entities will be at the division level. As many corporate functions as possible will be pushed down to where the company's operations are managed on a day-to-day basis. The move will streamline operations and reduce costs by removing intervening levels of management and putting the decision-making process closer to work in these two related but distinct lines of business. The company's chairman, Jack K. Lemley, expressed his confidence in the consolidation, saying that "this reorganization which has been underway for a number of months, is already showing significant results in productivity and focus which will accelerate the company's return to profitability." American Ecology operates a nuclear waste disposal facility in Washington, has received a license approval for a similar facility in California, has a license application pending for a nuclear disposal facility in Nebraska, and operates a nuclear processing facility in Tennessee. The Company also operates a chemical waste disposal facility in Nevada and two in Texas. Services provided by the Company include waste packaging, transportation, consulting, pretreatment pretreatment, n the protocols required before beginning therapy, usually of a diagnostic nature; before treatment. pretreatment estimate, n See predetermination. , disposal, fuels blending, recycling, and clean-up services. The Company's common stock trades on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol ECOL. CONTACT: American Ecology Corporation, Houston Edmund J. Gorman, 713/624-1902 |
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