– USA, NY – Boulevard Acquisition Corp. II (NASDAQ:BLVD) and Estre Ambiental S.A., today named John J. Morris, Jr. to serve following the closing of the proposed business combination as an independent member of the Board of Directors of Estre Ambiental, Inc., which will be the publicly traded company resulting from the proposed business combination of Estre and Boulevard. Mr. Morris serves as the senior vice president of field operations for Waste Management, Inc. (NYSE:WM), the leading provider of comprehensive waste management services in North America, and brings over 25 years of industry experience to the ESI board.
Mr. Morris has served as Waste Management’s senior vice president of operations since July 2012, overseeing several areas of the business ranging from performance management to strategic acquisitions. He started at Waste Management in 1994 as a frontline manager and has occupied a range of senior leadership roles during his tenure, including serving in a number of field-based positions, such as area vice president of the Greater Mid Atlantic. He was also previously Waste Management’s chief strategy officer. Mr. Morris is an Advisor to EnerTech Capital and a member of the boards of Swire Waste Management and High Mountain Fuels. He is a graduate of Rutgers University.
Estre chief executive officer Sérgio Pedreiro commented: “With experience heading both the strategy and operations functions of the largest waste management company in the U.S., John is uniquely positioned to provide Estre invaluable counsel as we seek to attain the highest operational standards and pursue further growth opportunities. We look forward to his contributions to our board.”
As previously disclosed, Richard Burke, Klaus Pohle and Bob Boucher will serve alongside Mr. Morris as independent members of the ESI board. Boulevard and Estre expect to name additional board members in the coming months.
As announced on August 16, 2017, Boulevard and Estre have entered into a definitive agreement under which the two companies will combine under a new holding company, which will be publicly listed with an anticipated initial enterprise value of approximately US$1.1 billion.
Estre provides a full range of waste-related and environmental services to a public of more than 31 million people daily in seven Brazilian states where approximately 50% of Brazil’s population is concentrated. Estre focuses on collection, treatment and disposal of non-hazardous and hazardous waste to municipal, industrial and commercial customers. Showing consistently high-single-digit revenue growth (excluding divested operations) in an expanding market, Estre is favorably positioned to lead in a fragmented industry with increasing regulatory requirements for environmentally-sound waste disposal.
About Estre Ambiental S.A.
Estre is the largest waste management company in Brazil and Latin America, as measured by disposal capacity, collection volume and market share. The company provides collection, transfer, recycling and disposal services to more than 31 million people in seven Brazilian states where approximately 50% of Brazil’s population is concentrated. Estre’s landfill operations, which are currently focused around 13 strategically located landfills, dispose of approximately 6.0 million tons of waste annually. The company also expects to add five additional landfills to its operations over the next several years. Estre’s waste management infrastructure also includes two landfill gas-to-energy facilities with an installed capacity of approximately 14 MW, as well as three hazardous and medical waste facilities.
For more information : http://www.estre.com.br/en
About Boulevard Acquisition Corp. II
Boulevard is a public investment vehicle formed by Avenue Capital Group for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Boulevard completed its initial public offering in September 2015, raising US$370 million in cash proceeds.
Boulevard’s officers and certain of its directors are affiliated with Avenue Capital Group. Avenue is an established global alternative investment firm founded in 1995. Avenue’s primary focus is investing in credit and other special situation investments in the United States, Europe and Asia. Avenue has approximately US$10 billion in assets under management as of July 31, 2017.
For more information : http://www.boulevardacq.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
