- Push-out Score determined
- After around 42 years in the position
- Praise and thanks for McKim
- Eric Gerstenberg and Mike Battles taking over
- McKim will remain as Executive Chairman and CTO at Clean Harbors
- McKim spoke at length and said 145 words
(exechange) — Norwell, Massachusetts, November 2, 2022 — Alan McKim, chief executive of Clean Harbors, leaves his position. As announced by Clean Harbors Inc. in a news release and in a regulatory filing published on Wednesday, November 2, 2022, Alan S. McKim leaves his post as chief executive officer at the provider of environmental and industrial services, after around 42 years in the role, effective March 31, 2023.
It is the end of an era.
Alan McKim’s duties as CEO will be taken over by Eric W. Gerstenberg and Michael L. Battles, currently Chief Operating Officer (Gerstenberg); and Chief Financial Officer (Battles) at Clean Harbors Inc., as Co-Chief Executive Officers.
Alan McKim’s departure from the CEO post is explained as follows. Clean Harbors said: “Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that it has appointed Chief Operating Officer Eric W. Gerstenberg and Chief Financial Officer Michael L. Battles as co-CEOs of the Company, effective March 31, 2023. As part of a long-planned transition, they will be succeeding Clean Harbors’ founder Alan S. McKim, who has been CEO for the past 42 years.”
McKim will remain as Executive Chairman and CTO at Clean Harbors
“McKim will become Executive Chairman of the Board of Directors and Chief Technology Officer (CTO) where he will continue to spearhead the Company’s M&A and technology initiatives,” Clean Harbors said.
Share price increase since November 2017
The announcement follows an increase in Clean Harbors Inc.’s share price of 132% since November 2017.
In the position of CEO since 1980
Alan McKim became CEO of the Company in 1980.
McKim founded the Company in 1980 and has served as Chairman of the Board of Directors and Chief Executive Officer since its founding.
He also serves as the Company’s President.
McKim holds an MBA from Northeastern University’s D’Amore – McKim School of Business and an honorary doctorate from the Massachusetts Maritime Academy.
He serves on Northeastern University’s Board of Trustees and South Shore Health’s Board of Directors.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Alan McKim’s move on a scale of 0 to 10.
exechange reached out to Clean Harbors and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2022 ($).