A Phoenix-based waste management firm has made some key changes in its C-suite.
Republic Services Inc. (NYSE: RSG) this week promoted Jon Vander Ark to president. He previously served as the company’s chief operating officer since Jan. 1, 2018.
Timothy Stuart replaced Vander Ark in the COO role. Most recently, Stuart served as executive vice president, operations.
With his new position, Vander Ark, 43, will receive a base salary of $775,000 with an annual cash bonus opportunity equal to 95% of his base pay, according to a filing with the U.S. Securities and Exchange Commission.
Jon Vander Ark, president of Republic Services
Stuart, 51, will earn a base salary of $625,000 with an annual cash bonus opportunity of 85% of his base pay.
Tim Stuart, COO of Republic Services
Both assumed their new positions May 1, according to the company. Republic Services CEO Don Slager previously held the president’s title now assumed by Vander Ark.
In his new role, Vander Ark will be responsible for Republic Services’ continued growth and transformation, according to the company. He also will oversee operations, sales, marketing and business development.
As COO, Stuart’s responsibilities will include instituting the company’s strategy and executing on its business plan. He also is responsible for safety, operations effectiveness, engineering, environmental compliance and fleet management.
“We’ve built a high-caliber executive leadership team through a commitment to leveraging composite strength and creating deliberate development plans for our people,” Slager said in a statement. “Both Jon and Tim work effectively together and have delivered sustainable results for our customers and shareholders. They have built strong teams and remain focused on making Republic a place where the best people come to work.”