Clean Harbors names CFO Battles and COO Gerstenberg as Co-CEOs; founder McKim becomes Executive Chairman

CLEAN HARBORS INC

Founder Alan McKim steps down as CEO after 42 years; becomes Executive Chairman & CTO effective March 31, 2023.
CFO Michael Battles and COO Eric Gerstenberg promoted to Co-CEOs effective March 31, 2023.
Battles' base salary increases from $540K to $900K; Gerstenberg from $625K to $900K; McKim's reduced to $900K.
Each Co-CEO gets 2023 performance shares at 85% of base salary and time-vesting shares at 285% of base salary.
Battles' severance expands from 12 to 24 months; Gerstenberg remains at 24 months; McKim gets no severance agreement.

item 5.02 item 9.01 item 6.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Michael L. Battles

Co-Chief Executive Officer and Co-President

CLH · CLEAN HARBORS INC

Effective: 2023-03-31
Filed: November 2, 2022, 7:59 PM ET

Mr. Battles and Mr. Gerstenberg will, effective on March 31, 2023 (the “Effective Date”), be promoted to the Company’s Co-Chief Executive Officers and Co-Presidents

Role change

Alan S. McKim

Executive Chairman and Chief Technology Officer

CLH · CLEAN HARBORS INC

Effective: 2023-03-31
Successor: Michael L. Battles and Eric W. Gerstenberg
Filed: November 2, 2022, 7:59 PM ET

Mr. McKim will become the Company’s Executive Chairman of the Board and Chief Technology Officer.

Role change

Eric W. Gerstenberg

Co-Chief Executive Officer and Co-President

CLH · CLEAN HARBORS INC

Effective: 2023-03-31
Filed: November 2, 2022, 7:59 PM ET

Mr. Battles and Mr. Gerstenberg will, effective on March 31, 2023 (the “Effective Date”), be promoted to the Company’s Co-Chief Executive Officers and Co-Presidents

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael L. Battles changed role as Co-Chief Executive Officer and Co-President at CLEAN HARBORS INC.

Action: promoted
Role: Co-Chief Executive Officer and Co-President

Exact text from the filing

Mr. Battles and Mr. Gerstenberg will, effective on March 31, 2023 (the “Effective Date”), be promoted to the Company’s Co-Chief Executive Officers and Co-Presidents

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan S. McKim changed role as Executive Chairman and Chief Technology Officer at CLEAN HARBORS INC.

Action: become
Role: Executive Chairman and Chief Technology Officer

Exact text from the filing

Mr. McKim will become the Company’s Executive Chairman of the Board and Chief Technology Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric W. Gerstenberg changed role as Co-Chief Executive Officer and Co-President at CLEAN HARBORS INC.

Action: promoted
Role: Co-Chief Executive Officer and Co-President

Exact text from the filing

Mr. Battles and Mr. Gerstenberg will, effective on March 31, 2023 (the “Effective Date”), be promoted to the Company’s Co-Chief Executive Officers and Co-Presidents

View on SEC.gov

CLEAN HARBORS INC filing history →

Source: SEC EDGAR

accession 0000822818-22-000045

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