Safety-Kleen President, CEO Florjancic to Retire

    



    
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<p>PLANO, Texas, <chron>Dec. 7</chron> /CNW/ -- Safety-Kleen today announced the retirement of its President and CEO Frederick J. Florjancic effective <chron>Dec. 31, 2009</chron>.</p>
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<p>"After a 40-year business career, the last six leading Safety-Kleen, I have decided to retire," Florjancic, 63, said. "It has truly been a pleasure and privilege to work with the men and women of Safety-Kleen to help conserve scarce resources through recycling and to provide the highest quality products and services in the environmental service industry. I'm very proud to have been a part of a great organization."</p>
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<p>Florjancic will remain with Safety-Kleen in a consulting capacity for several months to assist the company's Board of Directors in conducting a search for his successor and provide for an orderly transition.</p>
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<p>Florjancic became President and CEO of Safety-Kleen in <chron>June 2004</chron>, shortly after the company emerged from bankruptcy.  During his tenure, Florjancic helped restore operational stability, completed two re-financings of the company's debt, resulting in significant interest savings, and grew company revenues by almost 50 percent, from approximately <money>$860 million</money> in 2004 to approximately <money>$1.2 billion</money> in 2008.</p>
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<p>Safety-Kleen is a leading North American used oil recycling and re-refining, parts cleaning and environmental solutions company, with approximately 4,300 employees serving approximately 330,000 customer locations in the <location>United States</location>, <location>Canada</location>, <location>Mexico</location> and <location>Puerto Rico</location>.  Safety-Kleen provides a broad set of environmentally-responsible products and services that keep North American businesses in balance with the environment.</p>
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For further information: Jeff Anderson, [phone], for Safety-Kleen