Covanta Announces Organizational Transformation

MORRISTOWN, N.J.-- Today, Covanta, a leader in sustainable materials management providing solutions to businesses and communities, announced a company-wide reorganization to empower regional teams and enhance its focus on current and future customers. This reorganization will accelerate Covanta's growth by enabling customers and community centers to have the company's best-in-class regional teams at their disposal with technological offerings including ZWTL, logistics, materials processing, recycling and negative carbon capabilities. This new strategy will improve efficiencies and advance decision-making while improving both customer and employee outcomes based on local needs.

"Covanta's organizational regionalization is an accelerant to our company-wide transformation into the market leader in sustainable materials management," said Azeez Mohammed, President and CEO at Covanta. "Reorganizing into four regionally empowered divisions will not only position us for success well into the future, but it will also importantly result in enhanced outcomes for customers by offering last-mile sustainability solutions centered on their local needs. This is an exciting time for Covanta and the new structure will foster further collaboration among our teams and enable us to become nimbler, make decisions faster and tend to our customers with an entirely new level of personalized service to execute on their circular sustainability goals."

By organizing the business into four regions – East, Midwest, South and West - Covanta can leverage opportunities and address challenges unique to each region. Covanta's growth nationwide as the market leader in sustainable materials management will be driven by local leadership, including:

Lean functional governance operations that cut across regions will remain centered at Covanta headquarters in Morristown, NJ. Headquarters will be focused on providing support to the regions in their quest to bring superior personalized experiences to customers. This is the latest in a series of strategic moves over the last year under ownership of EQT Infrastructure to fulfill Covanta's transformation that includes key acquisitions, a talent infusion, installing lean business operating systems and creating an empowered regional structure.

About Covanta
Covanta is a leader in sustainable materials management providing environmental solutions to businesses and communities. Through its network of facilities and state-of-the-art services, Covanta is a single-source partner in solving today's most complex environmental challenges. For more information, visit covanta.com.

SOURCE Covanta Holding Corporation