Date: August 17, 2006
Source: Covanta Holding Corp.
Covanta Holding Corporation Names Mark A. Pytosh Chief Financial Officer
Covanta Holding Corporation (NYSE: CVA) announced that Mark A. Pytosh will assume the position of Senior Vice President and Chief Financial Officer, effective September 1, 2006. Mr. Pytosh has been Executive Vice President and Chief Financial Officer of Waste Services, Inc., a publicly-traded integrated waste services company. Prior to his tenure with Waste Services Inc., Mr. Pytosh was a Managing Director in Investment Banking at Lehman Brothers where he led the firm's Global Industrial Group. Before joining Lehman Brothers in 2000, Mr. Pytosh had 15 years of senior investment banking experience at Donaldson, Lufkin & Jenrette and Kidder, Peabody.
Anthony Orlando, Chief Executive Officer of Covanta stated "We are delighted to have Mark join the Covanta team. He is a very talented financial officer with a wealth of industry and transactional experience that will be extremely valuable to Covanta and our shareholders. I am confident Mark's leadership and insight will complement Covanta's outstanding management team as we continue to pursue our strategic objectives."
About Covanta Holding Corporation
Covanta Holding Corporation is a New York Stock Exchange listed company engaging in waste disposal, energy services and specialty insurance through its subsidiaries. Covanta's subsidiary, Covanta Energy Corporation, is an internationally recognized owner and operator of waste-to-energy and power generation projects. Covanta Energy's waste-to-energy facilities convert municipal solid waste into renewable energy for numerous communities, predominantly in the United States.
For more information, visit: www.covantaholding.com.
--------------------
Waste Services Announces Resignation of Chief Financial Officer
Waste Services, Inc. (Nasdaq: WSII) today announced that Mark A. Pytosh, Executive Vice President and Chief Financial Officer, has resigned effective August 31 to take the position of Senior Vice President and Chief Financial Officer of Covanta Holding Corporation. Covanta is the largest waste-to-energy company in the world with annual revenue of approximately $1.2 billion. Brian Goebel, Vice President and Chief Accounting Officer, will serve as interim Chief Financial Officer until a permanent replacement is named. The company has initiated a search for a new Chief Financial Officer.
"We appreciate Mark's contribution to the company's growth and performance over the past two and a half years and wish him well in his new position" said David Sutherland-Yoest, Chairman and Chief Executive Officer of Waste Services.
Waste Services, Inc., a Delaware corporation, is a multi-regional integrated solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada. The company's web site is www.wasteservicesinc.com.
For information contact:
Ivan Cairns, Executive Vice President and General Counsel
Waste Services, Inc.
905-319-1237.
Sign up to receive our free Weekly News Bulletin