Safety-Kleen Announces New Chief Financial Officer

Jeff Richard Brings 22 Years of Strong Financial, Operational and Compliance Expertise

Oct 13, 2010, 11:57 ET from Safety-Kleen Systems, Inc.

PLANO, Texas, Oct. 13 /PRNewswire/ -- Safety-Kleen Systems, Inc., today announced the appointment of Jeff Richard as Chief Financial Officer.  In his new role, Richard will have overall leadership responsibility for strategy and operations for all of the company's finance and control functions.

"We are pleased to have Jeff join our executive team," said Ron W. Haddock, Safety-Kleen Chairman of the Board of Directors and interim CEO.  "Jeff has deep financial and operational experience, as well as strong relationships with the banking and private equity communities, that will be of direct benefit to Safety-Kleen as we continue to execute our growth strategy."

Richard joins Safety-Kleen from Pavestone Company in Dallas, Texas, where he has served since 2006 as Chief Operating Officer and Chief Financial Officer.  In his new capacity, Richard will oversee Safety-Kleen's Finance Department, including accounting, planning, forecasting, budgeting, treasury, accounts receivable, and relations with lenders, creditors and the financial community.

Prior to Pavestone, Richard served as the head of financial planning and analysis at Electronic Data Systems, Chief Financial Officer of Jacuzzi Inc., and various divisional Chief Financial Officer roles at Tyco International.

Richard received his Bachelor's degree from Louisiana State University, and was recently named by Dallas Business Journal as the 2009/10 CFO of the Year for the Dallas-Fort Worth region.

"Jeff adds a great amount of value and expertise to the company," said Haddock. "We know he will be a significant asset to our senior leadership team as we continue to drive toward Safety-Kleen's long-term growth objectives."

About Safety-Kleen

Safety-Kleen is a leading North American used oil recycling and re-refining, parts cleaning and environmental solutions company, with approximately 4,100 employees serving more than 330,000 customer locations in the United States, Canada, Mexico and Puerto Rico. Safety-Kleen provides a broad set of environmentally-responsible products and services that keep North American businesses in balance with the environment. For more information, please visit www.safety-kleen.com or call (800) 669-5740.

SOURCE Safety-Kleen Systems, Inc.



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