Garden City, Mich.-based Paragon Green, a leader in the information technology asset recovery and electronics recycling industry, has announced the appointment of Linda McFarland as executive vice president of business development for joint venture partner 5R Processors Ltd., based in Ladysmith, Wis. She continues to serve as CEO of Paragon Green and president and CEO of Classic Computer Recovery Inc. (CCR).
Paragon Green is a joint venture formed by McFarland, founder and owner of CCR, and Tom Drake, founder and CEO of 5R. CCR and 5R recycle an estimated 20 million pounds per year total, and Paragon Green projects that it will collect and recycle more than 50 million pounds of material in 2010.
“With the global economic recession, IT departments are focusing on cost reduction as a leading priority in their budget planning,” McFarland says. “Reclaiming, refurbishing and remarketing IT equipment is an innovative and environmentally proactive approach for companies to offset IT budgets by converting used assets to cash.”
According to Paragon Green, its asset recycling program is a full-circle, end-to-end market-managed recycling solution that supports a zero-waste environmental agenda.
In addition to electronics, Paragon Green is a recycling resource for fluorescent lights, cardboard, plastic, rubber and hazardous materials such as lead acid batteries. Paragon Green also participates in community collection events and pilot programs.
Paragon Green, which was formed in March 2009, serves medium-sized companies and large corporations within the health care, education, government, hospitality, solid waste, electronics recycling and asset recovery industries, as well as school districts, government entities and solid waste agencies. It operates four plants with nine locations in six states, totaling 300,000 square feet of space.