Joseph Holsten to Join Covanta Board of Directors

Date: April 1, 2009

Source: Covanta Holding Corporation

Joseph Holsten to Join Covanta Board of Directors

  • Board Size Expanded to 12 Members

Covanta Holding Corporation (NYSE: CVA), a world leader in the development and operation of large-scale Energy-from-Waste and renewable energy projects, today announced the proposed addition to its Board of Directors of Joseph M. Holsten. If elected to the Board of Directors at the Company's Annual Meeting of Stockholders, which will be held on May 7, 2009, the addition of Mr. Holsten will increase the size of the Covanta Board to twelve.

Mr. Holsten has served since 1998 as the Chief Executive Officer of LKQ Corporation (Nasdaq: LKQX), the largest nationwide provider of recycled and aftermarket automobile replacement products. In addition to its operations in the United States, LKQ also has operations in Canada, Mexico, Costa Rica, and Guatemala.

Prior to joining LKQ, Mr. Holsten was the Chief Operating Officer of Waste Management, Inc. and Chief Executive Officer of a subsidiary, Waste Management International plc. Mr. Holsten held a number of other positions with Waste Management and various subsidiaries during his 17 year tenure.

"We are delighted and indeed fortunate to welcome to the Covanta Board a seasoned executive such as Joe Holsten," said Sam Zell, Covanta's Chairman. "His breadth of experience in leadership positions at public companies, and his insights on waste and commodity markets will serve Covanta well. He will be a strong and valuable member of our team."

About Covanta

Covanta Holding Corporation (NYSE: CVA), is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 38 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 16 million tons of waste into more than 8 million megawatt hours of clean renewable electricity and create 10 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaholding.com.

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