Bill Caesar Leaves Waste Management
Thursday, September 04, 2014
Source: Resource Recycling
Waste Management's top recycling executive is parting ways with the firm after a tenure that saw early financial gains and late hurdles.
Bill Caesar, president of WM Recycle America and WM Organic Growth, is leaving the company this month, a Waste Management representative told Resource Recycling. The move is tied to a corporate reorganization publicly traded Waste Management is currently undertaking.
"As part of our broader effort to align our corporate functions with the strategic priorities of the company and to better support the needs of the business, we’re doing a bit of restructuring of the teams that support the recycling business, a business that continues to be a very important part of our overall portfolio," said Toni Beck, WM corporate spokesperson. "Given this, Bill Caesar has decided to leave the company mid-September. As leader of both the company’s recycling business and its portfolio of investments in new technology and services businesses, Bill’s disciplined and focused leadership has paid tremendous dividends and we wish him much success as he moves on to new opportunities."
Caesar joined Waste Management in 2010 as the company's chief strategy officer and, at the time, recycling revenues were soaring. Reflecting in large part the volatility of recycling markets in recent years, the company's performance in the sector was erratic during Caesar's time with the company.
According to the company's annual financials, revenues from the recycling business in 2010 totaled $1.17 billion, signifying a major jump from 2009's $741 million in revenues. In 2011, revenues were even higher, reaching $1.58 billion.
Caesar took over as WM Recycle America president in January of 2012. That year, after four consecutive years of gains, revenues fell to $1.36 billion. In 2013, with Caesar still at the helm, revenues improved, coming in at $1.48 billion but falling to reach 2011's record highs.
Throughout Caesar's time with the company, Waste Management increased its number of mostly single-stream materials recovery facilities (MRFs) throughout the country, a trend underscored by the January 2013 acquisition of Greenstar Recycling and that firm's dozen MRFs.
In November of 2013 Caesar gave an extensive interview with Resource Recycling, noting the recycling side of Waste Management was taking notable financial hits because of China's Green Fence restrictions on scrap imports.
The company has not named a replacement for Caesar, and it has not announced any further recycling wing-specific cuts as part of the reorganization.