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Waste Connections Names Ronald J. Mittelstaedt As President And CEO

By: Waste Connections
| Published 04/24/2023

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TORONTO, CANADA -- Waste Connections, Inc. (TSX/NYSE: WCN) ('Waste Connections' or the 'Company') today announced that Ronald J. Mittelstaedt, the Executive Chairman of the Company, has been appointed President and Chief Executive Officer of the Company, effective April 23, 2023. Mr. Mittelstaedt succeeds Worthing F. Jackman in this role. Upon his departure, Mr. Jackman also stepped down as a member of the Company's Board of Directors and withdrew as a nominee for election as a director at the Company's 2023 Annual Meeting of Shareholders.

Mr. Mittelstaedt is the Company's founder and served as the Company's Chief Executive Officer from 1997 until July 2019, when ?he transitioned to the position of Executive Chairman of the Board of Directors.? In connection with his reappointment as Chief Executive Officer, Mr. Mittelstaedt remains on the Board of Directors, but will no longer serve as Executive Chairman. Concurrent with this change, the Company's lead independent director, Michael W. Harlan, became Chairman of the Board of Directors in a non-executive capacity.

'We thank Worthing for his work and dedication on behalf of Waste Connections for the last 19 years, including the last four as CEO,' said Mr. Mittelstaedt. 'These last four years, with the pandemic and hyperinflation, have been challenging for leadership in all industries, and Worthing has done a yeoman's job in leading us through this period. We are grateful for all that Worthing has done for the company, its stakeholders and the communities that we serve. His extensive efforts have helped shape the company we are today, and we all wish him well in his future endeavors.'

Mr. Mittelstaedt continued, 'I'm excited to return to this role to serve our 23,000 employees and focus our efforts on servant leadership, our decentralized operating structure and delivering exceptional results in all areas.'

In conjunction with this announcement, the Company is reaffirming its 2023 full year financial outlook as originally provided in February. Additional details will be provided when the Company reports its Q1 2023 earnings on April 26th.

Webcast and Conference Call Details

Waste Connections will be hosting a conference call to discuss the executive transition today, Monday April 24, 2023, at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting 'News & Events' from the website menu. Alternatively, listeners may access the call by dialing 888-664-6392 (within North America) or 416-764-8659 (international) approximately 10 minutes prior to the scheduled start time; a passcode is not required. A replay of the conference call will be available until May 1, 2023, by calling 888-390-0541 (within North America) or 416-764-8677 (international) and entering Passcode #789188.

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