- Push-out Score determined
- After about five years in the position
- Praise and thanks for Sampson
- Greg Marken taking over in the interim
- Sampson spoke at length and said 143 words
(exechange) — Highlands Ranch, Colorado, April 1, 2020 — Heath Sampson, chief executive of Advanced Emissions, leaves. As announced by Advanced Emissions Solutions Inc. in a news release and in a regulatory filing published on Wednesday, April 1, 2020, L.Heath Sampson leaves his post as chief executive officer at the provider of emissions solutions after about five years in the role, effective June 30, 2020.
Heath Sampson’s duties as CEO will be taken over in the interim by Greg P. Marken, currently Chief Financial Officer of Advanced Emissions Solutions Inc., as Interim Chief Executive Officer.
“To pursue other interests”
Heath Sampson’s departure from the CEO post is explained as follows. Advanced Emissions said: “L. Heath Sampson notified the Board of Directors of ADES that he plans to resign as Chief Executive Officer (CEO) effective June 30, 2020 to pursue other interests.”
Precise information regarding Heath Sampson’s future plans was not immediately available.
“Resignation”
Advanced Emissions said: “On March 27, 2020, L. Heath Sampson, the President and Chief Executive Officer and a director of Advanced Emissions Solutions, Inc. (the “Company”), submitted his resignation as an officer and director of the Company and the Board of Directors of the Company (the “Board”) accepted such resignation.”
Share price decline
The announcement follows a decline in Advanced Emissions Solutions Inc.’s share price of 54% since April 2015.
Chaired by L.Spencer Wells
Advanced Emissions Solutions Inc. is chaired by L.Spencer Wells.
In the position of CEO since 2015
Heath Sampson became CEO of the Company in 2015.
L.Heath Sampson is the President and Chief Executive Officer of the Company (“CEO”).
Sampson has served in this role since April 1, 2015.
Prior to his appointment as President and CEO, Sampson served as Chief Financial Officer and Treasurer of the Company from August 27, 2014.
Sampson is also a Director or Manager and an officer for all 100%- owned ADES subsidiaries and a Manager on the Board of Managers of Tinuum Group.
Prior to joining the Company, he served Square Two Financial, a $500 million private equity backed consumer collections company, as Chief Financial Officer and led a corporate restructuring project.
From January 2007 to August 2009, Sampson served as Chief Financial Officer of First Data Financial Services, a business unit of First Data Corporation, a large-market global SEC registrant, and led strategy development for the $2.5 billion business unit with over 15,000 employees.
From February 2005 to January 2007, he served First Data Corporation as the business unit Chief Financial Officer for both the Innovative Payments and Integrated Payment Systems business units.
At First Data Corporation, Sampson also led corporate restructuring projects and was instrumental to a large solution-based corporate turnaround sales effort.
He was also employed by Arthur Andersen LLC from the mid-1990’s until the early 2000’s.
During his time at Arthur Andersen, Sampson served as the Manager of Audit Services and Senior Manager of Business and Risk Consulting.
His early business consulting career provided him with broad-based experience in all aspects of corporate operations including supply chain, financial management, operations, customer experience and organizational design.
Sampson holds a Bachelor’s of Business Administration-Accounting and Master’s of Accountancy from the University of Denver.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
Read the full story in the exechange report 14.2020 ($).