Waste Management Inc. (WM) has appointed Steven Preston to the position of executive vice president of finance, recycling & energy services, a new position. Preston previously was president and CEO of Oakleaf Global Holdings, which WM acquired in July.
According to WM, based in Houston, Preston will serve as the principal financial officer of the company and assume all the financial management responsibilities of the company’s retiring CFO Robert Simpson. Preston also will have management oversight responsibility for the company's recycling, waste-to-energy and organic growth business lines.
"Steve has a wide range of experience that will immediately add value at Waste Management," says David Steiner, WM’s president and CEO. "As the CEO of Oakleaf, he gained valuable customer insights in our industry, and shares our view that WM has a unique opportunity to provide value-added solutions to our customers for the benefit of our people and our shareholders."
Prior to joining Oakleaf, Preston served as Secretary of the United States Department of Housing and Urban Development (HUD) from 2008 -- 2009 and Administrator of the United States Small Business Administration (SBA) from 2006 -- 2008.
Waste Management Appoints Former Oakleaf CEO
Steven Preston will serve as executive vice president of finance, recycling and energy services.