WM Elects Tom Ben to Board, Further Enhancing Corporate Culture and Performance
In a move to bolster their corporate leadership and capitalize on extensive industry experience, Waste Management Inc. (WM) has elected Tom Ben, President and CEO of Breakthru Beverage Group, LLC, as an additional independent member of its board of directors. The announcement comes as WM achieved a noteworthy return on average invested assets (ROI) of 8.76% in the fourth quarter of 2023, surpassing their average return on investment of 6.71%.Kathy Mazzarella, Chairman of WM, expressed delight in Tom Ben’s appointment, emphasizing his business acumen and expertise in fostering strong corporate cultures. This addition is expected to further solidify the company’s position in the waste management industry.
Although the ROI for the fourth quarter experienced a slight decline compared to the previous period ending September 30, 2023, it can be attributed to a decrease in net income. However, waste management remains a lucrative sector, as 44 other companies within the Services sector outperformed WM in terms of ROI.
More promisingly, WM’s overall ranking for return on investment has improved significantly, progressing from 923 in the third quarter of 2023 to 305 in the most recent quarter ending December 31, 2023. This suggests positive strides in the company’s financial performance and highlights potential for continued growth.
Overall, Tom Ben’s election to the board of directors, accompanied by the positive ROI results, signifies a progressive step for WM. The company stands to benefit from Ben’s leadership and experience as they strive to maintain and enhance their position within the waste management industry.
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