Synagro Announces New President.Business Editors & Environmental Writers HOUSTON--(BUSINESS WIRE)--March 6, 2002 Synagro Technologies Inc. (Nasdaq:SYGR), the largest national wastewater residuals management company in North America, announced today that Robert C. Boucher, Jr. has joined Synagro to fill its recently created position of 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. . Mr. Boucher will be responsible for all of Synagro's operations, including Class A drying, pelletization, and composting; Class B land application; and dewatering Dewatering (dē′wöd·ər·iŋ) is the removal of water from solid material or soil by wet classification, centrifugation, filtration, or similar solid-liquid separation processes. and cleanout services. Mr. Boucher's background in the environmental services industry began when he became a division manager with American Waste Systems. He successively held the positions of operations manager, general manager and division president with Waste Management of Greater Boston. Since 1997, with Allied Waste Industries, he has served as district manager of Boston, district manager of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Metro, and regional assistant vice president. Mr. Boucher leaves Allied Waste as the regional vice president of the Northeast United States, where he was responsible for operations with more than $900 million in annual revenue. He will relocate to Houston. Ross M. Patten, Synagro's chairman and chief executive officer, stated that, "Bob brings a wealth of valuable operating experience to Synagro that will help maximize the value we have created over the last four years and enhance our management team's ability to focus on growth opportunities in the years to come." Synagro is the largest national company focused on the wastewater residuals management services in North America, serving over 1,000 municipal and industrial wastewater treatment Industrial wastewater treatment A group of unit processes designed to separate, modify, remove, and destroy undesirable substances carried by wastewater from industrial sources. plants in 35 states. We offer a range of wastewater residuals management services, focusing on the beneficial reuse of organic nonhazardous residuals resulting from the wastewater treatment process, including collection and transportation, land application, thermal drying and pelletization, incineration incineration the act of burning to ashes. , composting, alkaline stabilization, dewatering, cleanout services, wastewater treatment plant Wastewater treatment plant also called wastewater treatment works
This press release contains certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause the actual results, performance or achievement of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to (1) unseasonable un·sea·son·a·ble adj. 1. Not suitable to or appropriate for the season. 2. Not characteristic of the time of year: unseasonable weather. 3. Poorly timed; inopportune. weather, (2) changes in government regulations and (3) the ability to access debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. when needed. Other factors are discussed in the Company's periodic filings with the Securities and Exchange Commission. |
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