ELGIN, Ill., January 3, 2012 -- Heritage-Crystal Clean, Inc. (Nasdaq: HCCI), a leading provider of parts cleaning and hazardous and non-hazardous waste services to small and mid-sized customers, today announced the appointment of several new corporate officers.
Greg Ray has been appointed the Company's Chief Operating Officer, reporting to HCCI's Founder, President and CEO Joe Chalhoub. Greg has been with the Company since 1999 and most recently served as Chief Financial Officer.
Mark DeVita has been appointed the Company's Chief Financial Officer. Mark has been with the Company since 2000 and has served in a variety of roles related to business management and acquisitions. Mark earned his Bachelor of Science from the University of Illinois and his CPA in 1990, and he earned an MBA from Northern Illinois University in
2004.
John Lucks has been promoted to Senior Vice President of Sales and Marketing. John has been with the Company since
2000 and most recently served as VP of Sales and Marketing.
Ellie Chaves has been appointed to the position of Vice President of Sales, reporting to John Lucks. Ellie will also continue in her role as Vice President, Oil, and she will continue to serve as Chief Accounting Officer during the transition.
In announcing these new assignments, CEO Joe Chalhoub commented: "We enjoy a very strong bench of management talent. These new assignments reflect our continuing commitment to develop a strong team of managers that will assure our Company's success in the future."
Safe Harbor Statement
All references to the "Company," "we," "our," and "us" refer
to Heritage-Crystal Clean, Inc., and its subsidiary.
This release contains forward-looking statements that are
based upon current management expectations. Generally, the
words "aim," "anticipate,"
"believe," "could," "estimate,"
"expect," "intend," "may,"
"plan," "project," "should,"
"will be," "will continue," "will
likely result," "would" and similar
expressions identify forward-looking statements. These
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause
our actual results, performance or achievements or industry
results to differ materially from any future results,
performance or achievements expressed or implied
by these forward-looking statements. These risks,
uncertainties and other important factors include, among
others: our ability to complete our used oil re-refinery as
anticipated; the used oil re-refinery does not perform as
anticipated; we are unable to
generate sufficient funds to build and support our used oil
re-refinery; we do not realize the anticipated benefits from
our acquisition of the Warrior Group; our ability to comply
with the extensive environmental, health and safety and
employment laws and regulations that our Company is subject
to; changes in environmental laws that affect our business
model; competition; claims relating to our handling of
hazardous substances; the limited demand for our used
solvent; our dependency on key
employees; our ability to effectively manage our extended
network of branch locations; warranty expense and liability
claims; personal injury litigation; dependency of suppliers;
economic conditions including the recent recession and
financial crisis, and downturns in the business cycles of
automotive repair shops, industrial manufacturing business
and small businesses in general; increased solvent, fuel and
energy costs and volatility in the price of crude oil; the
control of The Heritage Group over our
Company; and the risks identified in our Annual Report on
Form 10-K filed with the SEC on March 4, 2011 and subsequent
filings with the SEC. Given these uncertainties, you are
cautioned not to place undue reliance on these
forward-looking statements. We assume no obligation to update
or revise them or provide reasons why actual results may
differ. The information in this release should be read in
light of such risks and in conjunction with the consolidated
financial statements and the notes thereto included elsewhere
in this release.
Heritage-Crystal Clean, Inc. provides parts cleaning and
hazardous and non-hazardous waste services to small and
mid-sized customers in both the manufacturing and automotive
service sectors. Our service programs include parts cleaning,
containerized waste management, used oil collection, and
vacuum truck services. These services help our customers
manage their used chemicals and liquid and solid wastes,
while also helping to minimize their regulatory burdens. Our
customers include
businesses involved in vehicle maintenance operations, such
as car dealerships, automotive repair shops, and trucking
firms, as well as small manufacturers, such as metal product
fabricators and printers. Heritage-Crystal Clean, Inc. is
headquartered in Elgin, Illinois, and operates through 67
branches serving over 44,000 customer
locations.
The Company uses its
website to make available information to investors and the
public at www.crystal-clean.com.
Mark DeVita, Chief Financial Officer, (847) 836-5670
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