Wheelabrator Technologies Inc. Announces Bob Boucher as New President and Chief Executive Officer
Jul 09, 2015
Wheelabrator Technologies Inc. (Wheelabrator) today announced Robert “Bob” C. Boucher Jr. as the new president and CEO effective July 13, succeeding Mark A. Weidman.
Weidman has announced his retirement as president and CEO of Wheelabrator after 25 years with the company. He has been critical to building the Wheelabrator business, including under Waste Management’s ownership, in the U.S., the U.K., and other international markets. Weidman will remain with Wheelabrator in a consulting role to ensure a smooth transition with the company’s customers, partners and communities.
“We thank Mark for his leadership and dedicated service to Wheelabrator,” board chairman and Energy Capital Partners (ECP) partner Tyler Reeder noted. “He has driven a best-in-class operating culture that permeates all Wheelabrator facilities and teams. Mark also led the company’s successful international expansion, leaving behind the nearly-complete, state-of-the-art Ferrybridge energy-from-waste facility and a strong development pipeline in the U.K.”.
Robert “Bob” C. Boucher Jr. was previously the CEO and executive director of Transpacific Industries Group Ltd., a publicly traded waste management business in Australia. Prior to Transpacific, Boucher worked across the U.S. waste management industry for more than 20 years, serving in senior executive positions with Republic Services, Inc. and Synagro Technologies, Inc., and management roles with Waste Management and American Waste Systems.
“Bob’s extensive waste industry experience and track record of commercial success in growing and managing large disposal businesses complements ECP’s electricity and risk management focus. We look forward to partnering with him,” continued Reeder.
Boucher stated: “I am excited to be joining such a talented and entrepreneurial team. I have long respected Wheelabrator’s operations and attractive asset base. The Wheelabrator team has created a leading energy-from-waste business in the U.S. and positioned the company for growth in the U.K. Together, I look forward to continuing the world-class environmental services and operations for the benefit of our customers and communities.”
Headquartered in Hampton, New Hampshire, Wheelabrator creates clean, renewable energy from everyday residential and business waste. Including its new facility now being commissioned in the U.K., Wheelabrator has a platform of 16 energy-from-waste facilities, four independent power-producing facilities, four ash monofills and three waste transfer stations. Wheelabrator has an annual waste processing capacity of over 8.1 million tons, and a total combined electric generating capacity of 836 megawatts — enough energy to power more than 805,000 homes. Wheelabrator facilities also recover metals from ash for recycling into commercial products. Wheelabrator is owned by Energy Capital Partners, an energy-focused private equity firm with over $13 billion in capital commitments, and offices in Short Hills, New Jersey, Houston and San Diego. For more on Wheelabrator, please visit www.wtienergy.com. For more on Energy Capital Partners, please visit www.ecpartners.com.