leadership
confidence high
sentiment neutral
materiality 0.75
WM CFO Devina Rankin to retire; David Reed named successor as EVP & CFO
WASTE MANAGEMENT INC
- Devina Rankin, CFO since 2017, retiring to focus on education and not-for-profit; effective Nov 2025; will remain executive advisor through Mar 2026.
- David Reed, current VP & Business Partner for West Tier, elected EVP & CFO effective Nov 2025; previously VP Treasurer (2017-2022).
- Reed's compensation: base salary $700,000, target cash incentive 100% of base, RSU award valued at $565,000 vesting over three years.
- Reed brings experience in investment banking, corporate finance, treasury, and operations enablement.
item 5.02item 9.01