Dive Summary:
- Progressive Waste has announced that Ian Kidson will replace Thomas Cowee as CFO at the company
- Kidson joins the company from TD Capital Mezzanine Partners where he led subordinated debt and equity investments in North American businesses in sectors including waste management. He previously worked at CIBC Capital Partners.
- Cowee, who joined Progressive in 2005, is reportedly leaving for personal reasons. According to the statement, he will be pursuing opportunities closer to his Texas home. He will stay through the year to ensure a smooth transition.
From the press release:
Progressive Waste Solutions Ltd. announced today that Ian Kidson has joined the Company as Vice President and Chief Financial Officer. Mr. Kidson will succeed Thomas Cowee following Mr. Cowee's decision to pursue other opportunities. Mr. Cowee will remain with the Company through the fourth quarter of 2012 to facilitate a smooth transition of responsibilities.
Mr. Cowee joined in 2005 after the Company's acquisition of IESI Corporation, where he served as Senior Vice President and CFO. Mr. Cowee has in excess of 30 years experience in the non-hazardous solid waste management industry.
Joseph Quarin, Vice Chairman and CEO of Progressive Waste Solutions Ltd., said, "Tom brought a high level of industry knowledge and experience to his financial leadership role at Progressive Waste Solutions and we appreciate all of the significant contributions he has made to our success over the past several years. For personal reasons, Tom has advised me that he would like to pursue other opportunities closer to his home in the Dallas/Fort Worth, Texas area. He will stay with us to support Ian and our entire organization through the balance of this year and I am confident that it will be a seamless transition.
